Type of Deal: Acquisition of 100% equity shareholding
Stake/Capacity: 100% equity stake acquired. City Pro Group Inc. operates pediatric early intervention and school-based special education services through clinics in the Bronx, Brooklyn, Manhattan, and Long Island (Plainview).
City Pro Group Inc. reported turnover of USD 1,14,32,394.52 for year ended 30th June 2025
Previous year turnover: USD 1,14,06,380.82 (2024) and USD 97,13,036.83 (2023)
Paid up capital as on 30th June 2026: USD 100
No specific financial impact on Rays of Belief Limited disclosed
Timeline: Acquisition completed on September 18, 2026
Strategic Rationale:
Strengthen and expand the Group's presence in the United States in pediatric developmental, early intervention and special education services
Leverage City Pro's established operating capabilities, service network and experience
Complement the Group's existing service offerings
Support strategic expansion in the United States
Approval Status: Completed acquisition. No governmental or regulatory approvals required.
Additional Details:
City Pro Group Inc. is a New York-based provider incorporated on July 14, 1995
NYSDOH-approved EIP provider and NYS Medicaid-enrolled provider (d/b/a "ACP Early Intervention")
Delivers services primarily under contracts with New York State, NYC DOE, and Long Island school districts
Does not fall within related party transaction
After acquisition, City Pro Group Inc. becomes a related party of the Company
Promoter/promoter group/group companies do not have any interest in this acquisition
Reference Regulation: SEBI Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
