Key Events and Dates

  • Received legal notice dated 16th May 2026 from Adv. Amit Ajay Mutha representing 4A Financial Technologies Private Limited and certain shareholders
  • Board of Directors passed resolution by circulation on 09th June 2026 approving appointment of M/s. Vidhii Partners as legal counsel
  • Board resolution on 09th June 2026 declared Share Purchase Agreement dated 13th August 2025 with 4A Financial Technologies shareholders as failed/incapable of proceeding

Parties Involved

  • Adv. Amit Ajay Mutha (legal representative)
  • 4A Financial Technologies Private Limited and its shareholders
  • M/s. Vidhii Partners – Advocates (appointed legal counsel)

Historical Context

  • Previous intimation dated 13th August 2025 regarding proposed 100% acquisition of 4A Financial Technologies
  • Previous intimation dated 04th March 2026 regarding deferment of preferential allotment of equity shares

Current Status and Actions

  • Company evaluating legal notice implications and appropriate course of action
  • Legal counsel appointed to advise and represent the company
  • Transaction under Share Purchase Agreement stands terminated
  • Company to take appropriate steps as advised in interest of company and stakeholders