Avonmore Capital & Management Services Limited has informed the Exchange regarding 'Intimation for signing of Share Purchase Agreement'.
AVONMORE · price
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Avonmore Capital & Management Services has signed a Share Purchase Agreement on 10th April, 2026 to acquire 100% stake in Excelling Geo & Engineering Consultant Private Limited (EGE Consultant Pvt. Ltd.), making it a wholly owned subsidiary. The company previously had nil shareholding in EGE Consultant. The transaction qualifies as a related party transaction due to Mr. Amitabh Sharan being a Director in both the company and EGE Consultant (also a Director in step-down subsidiary Almondz Global Infra-Consultant Limited). The Audit and Board have approved the transaction which is being conducted at arm's length. Completion is subject to satisfaction of certain conditions precedent.
The acquisition will expand the company's subsidiary portfolio by adding a new wholly owned subsidiary. The related party nature of the transaction and director overlap may attract regulatory scrutiny, though proper approvals have been obtained.