Wealth First Portfolio Managers has informed that Board of Directors of the Company, at their meeting held on today, Monday, 26th day of October, 2026 have considered and approved the following matters. In continuation to our earlier letter dated 30th June, 2026 and Pursuant to provisions of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended from time to time, a Share Purchase Agreement (“SPA”) dated 26th October, 2026 has been entered between the Company, Wealth First Advisors Private Limited (‘the target Entity’) and Shareholders of Wealth First Advisors Private Limited (‘Existing Shareholders of the Target Entity’). Pursuant to the SPA, the Company have agreed to acquire, in aggregate, upto 2,09,304 equity shares of the Target Company, constituting 51.00% of the total outstanding equity share capital of the Target Company, for the total consideration of about INR 52.10 Cr to be paid partly through cash and partly through share swap (i.e. non-cash consideration basis); Pursuant to our earlier disclosure dated 30th June 2026 and Subject to the shareholders’ approval by way of passing of a Special Resolution in the General Meeting and other necessary approvals (including applicable statutory and regulatory approvals) and in compliance with applicable laws and regulations, as part of the consideration agreed to be paid as per the Memorandum of Understanding dated 30th June 2026 together with Share Purchase Agreement (SPA) dated 26thOctober, 2026 entered by and between the Company, Wealth First Advisors Private Limited (‘the Target Entity’) and Shareholders of Wealth First Advisors Private Limited (‘Existing Shareholders of the Target Entity’), the Board has decided to issue and allot upto 1,36,575 Equity Shares of face value of Rs. 10/- (Rupees Ten only) each fully paid-up, at an Issue Price of Rs. 885.89/- per Equity Share (including Premium of Rs. 875.89/- per Equity Share) aggregating upto Rs. 12.10 Crores to proposed allottees as mentioned in Table A who are selling shareholders of Target Company, belonging to Promoters and Non-Promoters category of the Company, for consideration other than cash i.e. against the acquisition of upto 48,603 (11.84%) of the equity shares of Target Company held by selling shareholders in Target Company, by way of a preferential issue through private placement, in accordance with the provisions of Section 62 read with Section 42 and other applicable provisions of the Companies Act, 2013 and Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and subsequent amendments thereto (Preferential Allotment).
The above information is a part of company’s filings submitted to BSE.
