MosChip Technologies seeks shareholder approval via EGM on May 12, 2026 to issue 50.5 lakh equity shares at ₹192 per share for Vayavya Labs acquisition.
The preferential issue, valued at ₹96.97 crore, forms part of the ₹245.49 crore consideration for acquiring 73% stake in Vayavya Labs.
The acquisition aims to expand MosChip's product engineering capabilities with Vayavya's embedded software expertise and 9 patents.
Shareholder voting will occur via remote e-voting from May 9-11, 2026, with cut-off date of May 1, 2026 for eligibility.