Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Electronics Mart India Limited has informed the exchange regarding the sale of its "IQ" division, comprising four "IQ" retail stores of the Company, along with the registered trademarks "IQ" on a going concern basis, to Angel Teletech Private Limited, effective 23rd August 2025.
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Electronics Mart India Limited is selling its 'IQ' division — four Apple product retail stores located in Attapur, Madhapur (Telangana), Rajahmundry, and Kurnool (Andhra Pradesh) — to Angel Teletech Private Limited for ₹8 crores on a going concern basis. The agreement was signed on 23rd August 2025, with completion expected by 10th September 2025. The IQ division contributed only ₹62.11 crores in revenue (0.89% of total revenue) and just ₹0.69 crores in net worth (0.045% of total), making it a small contributor to the company's overall business. The buyer, Angel Teletech, is an established Apple Authorized Reseller running 9 'iaccord' stores across Rajasthan since 2015. The company says the sale is part of a strategic move to focus on its higher-performing proprietary retail brands like 'Audio & Beyond,' 'Easy Kitchen,' and 'Kitchen Stories.'
This is a minor, non-core divestiture with negligible impact on the company's overall financials. Shareholders may view it as a positive portfolio cleanup, freeing up capital and management focus for the company's stronger in-house retail formats.