ACQUISITION / INVESTMENT DETAILS
Target Entity: Bharat Innovative Glass Technologies Private Limited (Bigtech)
Type of Deal: Rights issue subscription (acquisition of additional shares in existing joint venture and subsidiary)
Stake/Capacity: Acquisition of 1,07,99,460 equity shares at face value of ₹10 each
Deal Value: ₹10,79,94,600 (₹10.8 crore)
Funding Source: Cash from internal resources
Financial Impact:
- Bigtech had nil turnover as of 31st March, 2026 as it was in the process of setting up its manufacturing facility
- Bigtech's net worth as of 31st March, 2026 was ₹15,226.21 lakh
- The investment is to support Bigtech meet its fund requirements for setting up its manufacturing facility and meeting other business-related expenses
Timeline: Expected to complete within 90 days
Strategic Rationale:
- To support Bigtech to meet its fund requirements for setting up its manufacturing facility and meeting other business-related expenses
- To maintain the ownership and control in Joint Venture and Subsidiary Company
- Enhancement of Brand image and value creation for the stakeholders of Optiemus
- Bigtech is setting up a manufacturing facility in Tamil Nadu for manufacturing of finished cover glass for use in mobile consumer electronic devices, and other cover glass applications
Approval Status: Approved by Operations & Administration Committee on 30th June, 2026
Related Party Aspects:
- Bigtech is a Joint Venture and Subsidiary, making this a related party transaction
- Mr. Ashok Gupta and Mr. Neetesh Gupta are common directors in Bigtech and Optiemus Infracom Limited
- The transaction is stated to be carried out at Arm's Length basis, with consideration computed by an Independent Valuer
- Promoter/Promoter Group/Group companies of Optiemus have no interest in Bigtech beyond the company's shareholding
LOAN AGREEMENT DETAILS
Borrower Entity: GDN Enterprises Private Limited
Loan Terms:
- Unsecured loan of up to ₹100 crores
- To be provided in one or more tranches
- Loan period: 3 years
- Interest rate: 8.50% per annum or such other rate of interest as per the Benchmark of State Bank of India
Purpose: To provide financial assistance to GDN for meeting its working capital requirements and other business-related expenses
Relationship: GDN is a Wholly Owned Subsidiary of Optiemus Infracom Limited. Mr. Ashok Gupta and Mr. Neetesh Gupta are common directors in both companies.
Related Party Aspects: This transaction falls under related party transactions and is stated to be carried out on an Arm's Length basis.
Security: No security provided by the borrower
Execution Date: Loan agreement executed on 30th June, 2026
COMMITTEE MEETING DETAILS
- Meeting of Operations and Administration Committee held on 30th June, 2026
- Meeting commenced at 10:30 A.M. and concluded at 10:42 A.M.