Target Entity: Bharat Innovations Global Private Limited (BIGPL)
Type of Deal: Acquisition of minority stake (10%) to achieve 100% ownership
Stake/Capacity: 1000 equity shares representing 10% of the fully diluted equity share capital
Deal Value: Zero consideration (no cost payable for the acquisition)
Funding Source: Not applicable (zero consideration transaction)
Financial Impact: Not disclosed in terms of revenue contribution, EBITDA impact, margin profile, or accretion/dilution. BIGPL's financial details: Paid-up Share Capital: ₹1,00,000; Turnover: ₹16,51,548; Net worth: ₹(66,90,740) (negative). Historical turnover: FY 2023-24: Not Applicable; FY 2024-25: ₹0.00; FY 2025-26: ₹0.16 crore.
Timeline: Expected to be completed within six months from the date of board approval (August 14, 2026)
Strategic Rationale: To consolidate the Company's shareholding in BIGPL by acquiring the 10% equity shares previously transferred to NSDC International Limited. Upon completion, BIGPL will become a wholly owned subsidiary of Physicswallah Limited.
Approval Status: Board-approved on August 14, 2026. The meeting commenced at 02:30 P.M. (IST) and concluded at 04:50 P.M. (IST).
Additional Details:
The transaction does not fall within related party transactions
Promoter, Promoter Group and Group Companies have no interest in BIGPL other than through the Company's existing shareholding
BIGPL operates in the education industry, providing online and offline coaching
BIGPL collaborates with government bodies, educational institutions and other organizations for promoting and advancing education across India
No governmental or regulatory approvals required
The acquisition is pursuant to mutually agreed terms governing the cancellation of the Shareholders' Agreement
Reference Regulation: SEBI Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
