Date: August 11, 2026

Board Meeting Outcomes

  • The Board of Directors meeting was held on Tuesday, August 11, 2026, commencing at 04:00 PM and concluding at 04:50 PM
  • The Board considered and approved investment in and acquisition of 51% share capital of LightAlive Solutions Private Limited
  • Acquisition is subject to execution of definitive Agreements including Share Subscription Agreement (SSA) and Shareholders' Agreement (SHA)
  • Transaction is subject to fulfilment of applicable statutory and regulatory requirements and other customary conditions precedent
  • Upon completion, LightAlive will become a subsidiary company of Focus Lighting And Fixtures Limited

Acquisition Details

Target Company Information:

  • Name: LightAlive Solutions Private Limited ("LightAlive")
  • Incorporation: Incorporated under Companies Act, 1956 on January 24, 2013
  • Business: Engaged in dealing in fixtures and lighting solutions, including development, supply, and distribution of lighting products and related solutions
  • Geographic Presence: Primarily operates in India (Mumbai and Delhi), with a subsidiary in Singapore. Also has business operations in UK and Australia, with plans to expand into US market

Financial Information (as at March 31, 2026):

  • Turnover: ₹2399.61 lakhs (₹23,99,61,068)
  • PAT: ₹193.49 lakhs
  • Net worth: ₹1463.52 lakhs

Historical Turnover:

  • FY 2025-26: ₹23,99,61,068
  • FY 2024-25: ₹23,39,76,677
  • FY 2023-24: ₹33,76,84,816

Transaction Structure:

  • Acquisition of 51% shareholding (2,60,204 Equity Shares)
  • Face Value: ₹10 per share
  • Security Premium: ₹190 per share
  • Total Share Value: ₹200 per share

Regulatory Aspects:

  • Transaction does not fall within related party transaction
  • Promoter/promoter group/group companies have no interest in the target entity
  • No government or regulatory approval required for the acquisition
  • Transaction is expected to be completed within 120 days (One-hundred and Twenty days)

Strategic Rationale:

  • Acquisition aligns with strategic objectives to strengthen presence in LED lighting and fixtures segment
  • Target entity operates in similar line of business, expected to create operational synergies
  • Will expand product portfolio and enable leveraging of emerging market opportunities
  • Expected to enhance operational capabilities and strengthen market position in lighting and fixtures industry

Compliance Information

  • Disclosure made under Regulation 30(6) read with Schedule III of SEBI LODR Regulations
  • Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Information also available on company website: www.focuslightingandfixtures.com