Zota Health Acquires 80% Stake in Globotask IT

Zota Health Care Limited

Main Body

Zota Health Care Limited has executed a Memorandum of Understanding (MoU) on June 19, 2026 for the acquisition of 80% stake in M/s Globotask IT Consultancy Services Private Limited (GITCL). The acquisition involves purchasing 8,000 equity shares of GITCL for an aggregate consideration of Rs. 25,00,000/- (Rupees Twenty Five Lakhs Only).

The parties to the agreement include GITCL and its existing promoters, directors, and shareholders: Mr. Digbijoy Sharma, Mr. Subhro Das, and Mr. Rohit P Das.

The purpose of this acquisition is to provide IT solutions to Zota Health Care Limited and its subsidiaries, including cloud-based software development, Android/iOS application development, website development, and customized ERP software.

The transaction does not qualify as a related party transaction as the promoter/promoter group/group companies do not have any interest in GITCL. The company has confirmed that the transaction is being conducted at arm's length.

In view of this announcement, the trading window of the company shall remain closed from June 19, 2026 until 48 hours after the announcement of the acquisition.