Date: June 4, 2026 (with references to earlier communications dated May 7, 2026 and May 21, 2026)
Disinvestment / Strategic Actions
RPSG Ventures Limited has completed the sale of its entire investment in three portfolio companies through a series of transactions executed in May and June 2026:
Transaction Details (From May 7, 2026 Agreement):
1. Sale of Investment in Incnut Digital Private Limited:
- Total CCPS sold: 5,810 shares
- Buyers and consideration:
- Chaitanya Chakravarthy Nallan: 1,937 shares for ₹3.92 crore
- Sangram Simha Datla: 1,937 shares for ₹3.92 crore
- Veerendra Shivhare: 1,936 shares for ₹3.92 crore
- Total consideration: ₹11.76 crore
2. Sale of Investment in Momjunction Private Limited:
- Total CCPS sold: 5,810 shares
- Buyers and consideration:
- Chaitanya Chakravarthy Nallan: 1,937 shares for ₹0.205 crore
- Sangram Simha Datla: 1,937 shares for ₹0.205 crore
- Veerendra Shivhare: 1,936 shares for ₹0.20 crore
- Total consideration: ₹0.61 crore
3. Sale of Investment in Incnut Stylecraze Private Limited:
- Total CCPS sold: 5,810 shares
- Buyers and consideration:
- Chaitanya Chakravarthy Nallan: 1,937 shares for ₹0.05 crore
- Sangram Simha Datla: 1,937 shares for ₹0.05 crore
- Veerendra Shivhare: 1,936 shares for ₹0.05 crore
- Total consideration: ₹0.15 crore
Transaction Structure:
- The investments were in the form of Compulsory Convertible Preference Shares (CCPS)
- CCPS were converted into Equity Shares in the ratio of 1:1 before the sale and transfer
- Three separate Share Purchase Agreements were executed with the buyers
- Total aggregate consideration across all three transactions: ₹12.52 crore
Completion Timeline:
- Share Purchase Agreements executed: May 7, 2026
- Sale of Incnut Digital Private Limited completed: May 21, 2026
- Sale of Momjunction Private Limited and Incnut Stylecraze Private Limited completed: June 4, 2026
Regulatory Classification:
- The buyers (Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravartin Nallan) do not belong to the promoter/promoter group/group companies
- The transaction is not a related party transaction
- The transaction is not a slump sale or amalgamation/merger
Compliance Information
- All disclosures made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Signed by Sudip Kumar Ghosh, Compliance Officer of RPSG Ventures Limited