Target Entity: Value Partners Collective ACO, LLC (VPCA)

Type of Deal: Incorporation of step-down wholly owned subsidiary

Stake/Capacity: IKS Inc holds 100% stake in VPCA, which is a single-member limited liability company

Deal Value: Amount invested - $0; VPCA has not been capitalized

Financial Impact: VPCA is a newly incorporated entity (May 5, 2026) and currently has nil turnover/revenue. It will have no immediate, material impact on the consolidated financial performance of the listed parent company during its initial application phase. Long-term commercial and revenue-generating effects will be subject to successful selection and formal onboarding by CMS into the LEAD program.

Timeline: Not applicable for incorporation (already completed on May 5, 2026). Future timeline depends on CMS selection for the LEAD program.

Strategic Rationale: The incorporation of VPCA is a strategic initiative aimed at expanding the Company's global footprint within the high-growth Value-Based Healthcare Management and Accountable Care sector in the United States. VPCA has been incorporated to act as an Accountable Care Organization (ACO). The primary objective is to formally apply for and seek selection to participate in the Long-term Enhanced ACO Design (LEAD) program, administered by the Centers for Medicare & Medicaid Services (CMS) under the United States Department of Health & Human Services. The LEAD program is a voluntary 10-year model focused on improving quality and managing total cost of care for government-insured patients.

Approval Status: Already incorporated. Future participation in LEAD program subject to CMS selection approval.

Additional Details:

  • Industry: Healthcare Services Industry, specifically operating within Value-Based Healthcare Management and Accountable Care Operations
  • Location: 8951 Cypress Waters Blvd, Suite 100 Coppell TX 75019, USA (TIN 42-2434544)
  • Not a related party transaction
  • Promoter/Promoter Group has no interest in the entity
  • If not selected for LEAD program, VPCA will be dissolved

Reference Regulation: SEBI Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026