Document Title: Acquisition of Majority Stake in Tikona Infinet Private Limited

Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting - Acquisition Announcement

Date of Board Meeting / Approval: September 12, 2026 (Meeting held from 5:00 PM to 5:30 PM IST)

Corporate Actions:

  • Acquisition of 62.01% equity share capital of Tikona Infinet Private Limited (CIN: U74899MH1975PTC265837)
  • Acquisition involves 1,27,89,817 equity shares from existing shareholders
  • Total consideration: INR 99,22,00,380 (Ninety Nine Crore Twenty Two Lakh Three Hundred Eighty Only)
  • Consideration method: Issuance of Non-Convertible Debentures (NCDs) by Tikona Communication Limited
  • Execution of Securities Purchase Agreement approved with existing shareholders

Target Company Details:

Name: Tikona Infinet Private Limited

Industry: Telecom Industry (wireless broadband services for home and enterprise customers)

Date of Incorporation: September 15, 1975

Founder: Mr. Prakash Bajpai

Business Operations: Provides enterprise data, high-speed internet connectivity, and digital infrastructure services

Business Segments: MPLS/VPN services, Dedicated Leased Line services, Broadband services

Client Industries: Banking and Finance, IT Technology, Healthcare, Education, Manufacturing and Logistics, Retail and E-commerce, Media and Entertainment, Aviation

Geographic Presence: Major Tier-1 cities and other key cities in India

Financial Performance of Target Company:

  • FY25 Turnover: INR 218.86 Crore
  • FY24 Turnover: INR 175.22 Crore
  • FY23 Turnover: INR 190.60 Crore

Strategic Rationale:

  • Expansion of service portfolio and market presence in telecom and digital connectivity sector
  • Enhanced business opportunities and brand value
  • Operational synergies resulting in improved efficiency and potential cost optimization
  • Strengthening of competitive position in telecom and connectivity sector

Transaction Details:

  • Not a related party transaction
  • Promoter/promoter group/group companies have no interest in Target Company
  • No specific governmental or regulatory approvals required (except standard approvals under applicable laws and SPA terms)
  • Expected completion date: March 31, 2027

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Company Contacts:

  • Sonia Arora, Company Secretary and Compliance Officer (M. No. A25863)

Corporate Office: B-16, First Floor, Sector 2, Noida, U.P., India - 201301