Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Date of Board Meeting / Approval: Wednesday, 30th September, 2026
Audit Opinion: Not Specified
Auditor’s Comment: Not Specified
Key Financial Highlights:
Standalone Results: Not Specified
Consolidated Results: Not Specified
Corporate Actions:
The Board of Directors approved the following matters:
1. Proposed Incorporation/Investment of Subsidiary Company in United Kingdom (UK): Univastu India Limited proposes to incorporate a company in the UK named 'Univastu UK Ltd', in which it will hold 100% of the shareholding. The company is yet to be incorporated.
2. Acquisition of Assets of Cambium Networks, Ltd: Univastu India Limited has submitted an offer to acquire the assets of Cambium Networks, Ltd (in administration) through the proposed overseas subsidiary, Univastu UK Ltd.
- The company has entered into an exclusivity arrangement with the Joint Administrators of Cambium Networks, Ltd (David Shambrook, Gordon Thomson, Joe Barry and James Woodhead of RSM UK Restructuring Advisory LLP).
- A non-refundable deposit of USD 300,000 has been authorized and paid towards the proposed acquisition process.
- The cost of acquisition for 100% of the paid-up share capital of Univastu UK Ltd is USD 5.1 million (United States Dollars five million one hundred thousand).
- Subscription of shares in the proposed subsidiary will be by way of cash consideration.
Other Significant Information:
- Industry of Acquisition Target: Telecommunications and wireless networking technology industry
- Purpose of Acquisition: Business Expansion
- Meeting Duration: The board meeting commenced at 2:30 PM and concluded at 3:30 PM.