With reference to the captioned subject and in terms of Regulation 30 of the Listing Regulations, we hereby inform your good office that the Board of Directors of Ikoma Technologies Limited ....
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Ikoma Technologies' board, meeting on June 5, 2026, approved two major decisions. First, a Rights Issue of up to Rs. 50 Crores through 2,77,70,571 fully paid-up equity shares of Rs. 10 face value to existing eligible shareholders, with a Rights Issue Committee formed to decide terms. Second, the company will acquire a 51% stake in ICM Insurance Brokers Private Limited for approximately Rs. 29.92 Crores in cash. ICM Insurance Brokers is in the insurance sector with a provisional turnover of Rs. 31.42 Crores in FY26, up sharply from Rs. 10.63 Crores in FY25 and Rs. 3.71 Crores in FY24. The acquisition is a related party transaction since directors are common between the two companies, though it is being done at arm's length and is expected to close within 90 days.
Shareholders should expect a potential equity dilution from the Rights Issue, though it offers existing shareholders a chance to participate and maintain their stake. The acquisition diversifies the company into the insurance broking sector, which is showing strong revenue growth, but the related-party nature of the deal warrants close attention to valuation fairness.