Target Entity: Medcuore Medical Solutions Private Ltd (MMSPL)

Type of Deal: Additional equity investment (minority stake acquisition)

Stake/Capacity: Additional 0.79% equity stake acquired, increasing total shareholding to 63.07%

Deal Value: ₹49,89,880 (Rupees Forty-Nine Lakh Eighty-Nine Thousand Eight Hundred and Eighty Only)

Funding Source: Cash consideration

Financial Impact: Not explicitly disclosed in terms of revenue contribution, EBITDA impact, or accretion/dilution

Timeline: Investment completion timeframe up to FY 2027-28

Strategic Rationale: To facilitate business growth, generate revenue, and earn profit due to expansion of business

Approval Status: Completed investment, no governmental or regulatory approvals required

Reference Regulation: SEBI Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015, and SEBI master circular dated November 11, 2024 (SEBI/HO/CFD/PoD2/CIR/P/0155)

Additional Target Company Details:

  • Industry: Manufacturing, distribution and services in Air Monitoring System and Air Purifiers
  • Incorporation Date: June 7, 2020
  • Financial Performance:
  • FY 2025-26 Turnover: ₹1,45,60,000
  • FY 2024-25 Turnover: ₹35,41,484
  • FY 2023-24 Turnover: ₹47,68,000
  • Geographic Presence: India
  • Valuation: Shares acquired at ₹14,056 per share based on valuation report dated August 21, 2026
  • Number of Shares Acquired: 355

Transaction Characteristics:

  • Not a related party transaction
  • No promoter/promoter group/group companies have any interest in the target entity
  • Transaction conducted at arm's length