Date: 16 July 2026

Board Meeting Outcomes

  • Successful completion of final tranche acquisition of 100% stake in ITCube Solutions Private Limited
  • Acquisition executed pursuant to Share Purchase Agreement dated February 22, 2024

Disinvestment / Strategic Actions

Target Entity Details:

  • Name: ITCube Solutions Private Limited
  • Business: Information Technology (IT) and Information Technology Enabled Services (ITES), specializing in Business Process Management Services and Global Software Consulting and Development

Transaction Structure:

  • Acquisition completed in two tranches: First Tranche (76%) completed earlier, Second Tranche (24%) completed on July 16, 2026
  • Total shares acquired: 6,596 Equity Shares
  • Pre-closing buyback of 905 shares by ITCube Solutions Private Limited to sellers

Consideration Details:

  • Total transaction value: ₹84,00,04,632 (Rupees Eighty Four Crores Four Thousand Six Hundred Thirty Two only)
  • First Tranche Purchase Consideration: ₹58,44,85,636 for 76% share capital
  • Second Tranche Purchase Consideration: ₹15,00,00,600 for 24% share capital
  • Entire consideration paid in cash
  • Not a related party transaction

Strategic Rationale:

  • Strengthens Company's IT and ITES capabilities
  • Acquires profitable, established platform with deep expertise in Microsoft technologies
  • Adds capabilities in SharePoint, D365, Power Platform, .NET, React, and Python
  • Brings ISO 9001 and ISO/IEC 27001 accreditations and Microsoft Gold Partner status
  • Provides resilient revenue base, experienced workforce, and diversified client portfolio across multiple geographies
  • Results in better financial and operating structure by expanding service offerings and enhancing technological capabilities

Target Company Financial Performance:

  • FY 2025-26 Turnover: ₹5,128.03 lakhs (₹51.28 crore)
  • FY 2024-25 Turnover: ₹4,867.69 lakhs (₹48.68 crore)
  • FY 2023-24 Turnover: ₹5,389.97 lakhs (₹53.90 crore)

Geographic Presence:

  • Operations in India and USA
  • Registered office in Pune, Maharashtra

Regulatory Aspects:

  • No governmental or regulatory approvals required for the acquisition
  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Parties to Agreement:

  • Acquirer: One Point One Solutions Limited
  • Target: ITCube Solutions Private Limited
  • Sellers: Mr. Anil Vasant Rajadhyaksha, Mrs. Neena Parekh, Mrs. Vimlaben Patel, Mr. Anil Rajadhyaksha & Ms. Madhavi Gokhale, Mr. Mangesh Gokhale