Colab Platforms has informed that the Board of Directors of the Company at their meeting held at the registered office of the company have considered and approved the following business matter: Expansion into Tech Intelligence space encompassing Artificial Intelligence/Machine Learning (AI/ML), Blockchain Technology, Data Centers and Global Capacity Center (GCC) Tech Services. The Company will proceed towards building of intelligent, secure, and scalable digital ecosystems that redefine how businesses innovate and operate by leveraging its INR 50 million Accelerator program. Colab will invest through promising ventures, strategic joint ventures, and acquisitions that strengthen its expertise across AI, Blockchain, and GCC services. The Press Release for the same is enclosed.
The above information is a part of company’s filings submitted to BSE.
