Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Advik Capital has informed that on May 18, 2022, Vikas Garg and Seema Garg (hereinafter referred to as ‘the Acquirers’) entered into a Share Purchase Agreement with the existing members of promoter and promoter group, consequent thereof the Acquirers has given an Open Offer to acquire control and substantial shares in the Company. The Company being a Non-Banking Financial Company, registered with RBI thus, the acquisition of shares pursuant to Share Purchase Agreement and Open offer by the Acquirers was subject to the approval of RBI and the said application was duly submitted with RBI. The company has also informed that the Company has received the RBI approval on January 16, 2023. The approval letter is annexed.
The above information is a part of company’s filings submitted to BSE.