Key Quantitative Figures

  • Revised Preferential Issue Price: Rs.560.13 per share for Matrix Labs Diagnocare Private Limited (MLDPL) and Rs.558.99 per share for Matrix Labs Private Limited (MLPL)
  • Previous Price: Rs.553 per share for both companies
  • Total Consideration: Unchanged at Rs.35,97,81,800 for MLDPL and Rs.3,56,35,320 for MLPL
  • Revised Number of Shares: 7,06,068 equity shares (reduced from 7,15,040)
  • Face Value: Rs.10 per share
  • Premium: Rs.550.13 per share for MLDPL, Rs.548.99 per share for MLPL

Dates of Action

  • AGM Notice Date: 3rd September, 2026
  • Original Board Approval: 3rd September, 2026
  • Revised Board Approval: 18th September, 2026
  • Corrigendum Issuance: 21st September, 2026
  • AGM Date: 29th September, 2026 at 02:00 PM IST
  • E-voting Period: 25th September (09:00 AM) to 28th September, 2026 (05:00 PM IST)

Parties Involved

  • Target Companies: Matrix Labs Diagnocare Private Limited (MLDPL), Matrix Labs Private Limited (MLPL)
  • Sellers/Allottees: Mr. Suresh, Ms. Nithya S
  • Stock Exchange: BSE Limited
  • Valuer: Samvritti Valuation (OPC) Private Limited (IBBI/RV-E/06/2026/235)
  • Company Secretary: M.K. Samdani & Co.

Transaction Details

Revised Share Allocation:

For MLDPL Acquisition (51% stake - 13,293 shares):

  • Mr. Suresh: 5,93,998 shares (previously 6,01,760)
  • Ms. Nithya S: 48,320 shares (previously 48,840)

For MLPL Acquisition (51% stake - 2,550 shares):

  • Mr. Suresh: 63,750 shares (previously 64,440)

Shareholding Pattern Impact:

  • Pre-issue shares: 1,95,43,003
  • Post-issue shares: 2,02,49,071
  • Promoter holding reduces from 68.40% to 66.01%
  • Public holding increases from 31.60% to 33.99%

Purpose and Rationale

The preferential issue is for consideration other than cash to acquire 51% stakes in MLDPL and MLPL through share swap arrangement. The price revision was made following BSE's instructions to apply appropriate pricing methodology under SEBI ICDR Regulations Chapter V.

Valuation Basis

  • Independent valuer: Samvritti Valuation (OPC) Private Limited
  • Revised valuation report dated 17th September, 2026
  • 10-day VWAP: Rs.558.93 (previously Rs.553)
  • 90-day VWAP: Rs.521.70 (previously Rs.521.05)
  • Fair value of target companies: MLDPL at Rs.27,007.88 per share, MLPL at Rs.13,973.77 per share

Additional Information

The corrigendum and all related documents are available on the company's website (www.1gsp.in) and NSDL e-voting platform. The revised company secretary certificate and valuation reports have been updated following BSE's queries during in-principle approval processing.

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