IKIO: IKIO Technologies Limited has informed the Exchange 'under Regulation 30 of SEBI (ODR) Regulations, 2015 Acquisition of 88% equity shareholding in Gravus Tech Private Limited by ISPL (a wholly owned subsidiary of the Company)'.
IKIO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IKIO Technologies Limited announced on January 2, 2026, that its wholly owned subsidiary IKIO Solutions Private Limited (ISPL) has acquired 88% equity shareholding in Gravus Tech Private Limited through a Share Purchase Agreement. Gravus Tech is a newly incorporated company (September 2025) with a paid-up share capital of just ₹1,00,000 and no turnover yet. The total cost of acquisition is ₹88,000 (8,800 shares at ₹10 each), paid in cash. The transaction is not a related party transaction. Gravus Tech will be used for marketing and distribution of IKIO Group's LED and electronic products, and is led by Mr. Gurjit Singh, who has over a decade of experience in marketing electronics and LED products.
This is a small, strategic acquisition aimed at strengthening IKIO's marketing and distribution capabilities in its core LED and electronics business. Given the very low acquisition cost (₹88,000) and the target's alignment with existing operations, the financial impact is minimal, but it could support future revenue growth by expanding market reach through an experienced marketing professional.