Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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Elpro International Ltd has acquired 1,66,442 equity shares (fresh acquisition, no prior holding) in Mynd Solutions Private Limited for INR 11.37 Crores in cash. Mynd Solutions operates 'Mlxchange', an RBI-licensed Trade Receivables Discounting System (TReDS) platform launched in 2017 that enables MSMEs to discount invoices with banks and NBFCs. The target company reported consolidated revenue of INR 104.70 Crores in FY25, up sharply from INR 33.10 Crores in FY23, showing strong recent growth. The acquisition is not a related party transaction and has been made for investment purposes, marking Elpro's entry into the fintech and supply-chain finance space outside its main line of business.
This is a diversification move into a fast-growing fintech vertical for Elpro. For shareholders, the acquisition gives exposure to a high-growth TReDS platform with strong revenue momentum, though being outside the core business, investors should watch how this investment translates to long-term returns.