Identixweb to buy additional 20.04% stake in subsidiary Munim ERP
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Identixweb's board approved acquiring an additional 20.04% stake in subsidiary Munim ERP Private Limited (MEPL) for Rs 1,223.48 Lakh via conversion of an inter-corporate loan. Post-deal, Identixweb's holding in MEPL rises to 70.05%. MEPL provides accounting and GST compliance software with FY26 turnover of Rs 196.06 Lakh but negative net worth of Rs 310.19 Lakh. It is a related party transaction, done at arm's length based on a registered valuer's report, to be completed within 30 days.
Raises Identixweb's MEPL stake to 70.05% via loan-to-equity conversion; no cash outflow. Subsidiary has negative net worth, worth monitoring.