Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Acquisition of 88% equity shareholding in Gravus Tech Private Limited by ISPL (a wholly owned subsidiary of the Company).
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IKIO Technologies' wholly owned subsidiary IKIO Solutions Private Limited (ISPL) has acquired 88% equity shareholding in Gravus Tech Private Limited via a Share Purchase Agreement on January 02, 2026. Gravus is a newly incorporated private limited company (set up on September 02, 2025) with a paid-up capital of Rs. 1 lakh and no turnover so far. The total cash consideration is just Rs. 88,000 (8,800 shares at Rs. 10 each), purchased from the existing shareholder Mr. Gurjeet Singh. Gravus will handle marketing and distribution of IKIO Group's LED and electronic products, leveraging the marketing expertise of its director Mr. Gurjit Singh who has over a decade of experience in the LED/electronics space. The transaction is not a related-party deal, and Gravus will become a step-down subsidiary of ISPL.
The deal is financially negligible in size (under Rs. 1 lakh) and the target has no revenue yet, so there is no immediate earnings impact. It is a strategic distribution and marketing setup that could help IKIO expand reach for its LED products, but investors should watch for follow-up disclosures on actual capital infusion, business plans and future funding of the new subsidiary.