Board approves debt acquisition worth Rs 10.35 cr from Kshitij Polyline
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Deep Health AI India Limited board approved acquiring debt of Rs 10,35,35,520 (about 10.35 crores) from Kshitij Polyline Limited. The debt is owed by Sparion Infrastructure Private Limited. Acquisition includes related rights, benefits, claims and underlying security, including pledge of 4,900 equity shares representing 49 percent of Sparion Infrastructure. Deal is on as-is-where-is and without recourse basis. Not a related party transaction. Board met on Oct 5, 2026.
Acquiring about 10.35 crores of debt with security cover. Not a related party deal. Signals a new business direction for the company.