Target Entity: ESAAS Technologies Private Limited

Type of Deal: Acquisition of 51% equity stake (majority control)

Stake/Capacity: 51% shareholding in ESAAS Technologies Private Limited

Deal Value: ₹20,00,000 (Rupees Twenty Lakhs Only)

Funding Source: Cash consideration (internal accruals or available funds - specific source not disclosed)

Financial Impact:

  • ESAAS Technologies reported turnover of ₹98,03,536 in FY 2025-26
  • Turnover of ₹1,38,85,602 in FY 2024-25
  • Turnover of ₹2,15,28,004 in FY 2023-24
  • Financial impact on GVP Infotech's revenue, margins, or earnings not specifically disclosed

Timeline: Expected to be completed in 7 working days from August 10, 2026

Strategic Rationale:

  • The acquisition will enable GVP Infotech to provide its payment systems to the clients of ESAAS Technologies
  • Both companies are in the same line of business activities of payment processing
  • ESAAS Technologies is a DPIIT-registered fintech company providing bank-agnostic, API-first technology infrastructure
  • The target entity enables businesses to move, manage, control and reconcile funds across multiple banking and payment ecosystems
  • Acquisition expands GVP's presence in the FinTech banking and payments infrastructure sector

Approval Status: Board of Directors approved on August 10, 2026

Additional Details:

  • Not a related party transaction
  • No promoters of GVP Infotech have any interest in the transaction
  • No governmental or regulatory approvals required for the acquisition
  • ESAAS Technologies was incorporated in India on September 30, 2021
  • Post-acquisition, ESAAS Technologies will become a subsidiary of GVP Infotech

Reference Regulation: SEBI Regulation 30 of Listing Obligations and Disclosure Requirements Regulations, 2015