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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The Board of Ikoma Technologies met on June 5, 2026 and approved two major decisions. First, it cleared a Rights Issue of up to Rs. 50 Crores, to be issued as around 2.77 crore fully-paid equity shares of Rs. 10 face value to eligible shareholders, with a Rights Issue Committee set up to decide pricing, ratio, and record date. Second, the Board approved acquiring a 51% stake in ICM Insurance Brokers Private Limited, an insurance-sector company with a provisional turnover of about Rs. 31.42 Crores in FY26 (up sharply from Rs. 10.63 Crores in FY25 and Rs. 3.71 Crores in FY24). The acquisition cost is approximately Rs. 29.92 Crores, to be paid in cash, and is expected to complete within 90 days subject to approvals. The deal qualifies as a related-party transaction because directors are common between the two companies, though it is being done at arm's length.
Shareholders will get a chance to subscribe to the Rights Issue, but it will dilute existing holdings if not fully taken up. The acquisition signals a strategic move into the insurance broking space, diversifying Ikoma's business, and could be positive if it adds meaningful revenue. However, the related-party nature of the deal warrants close attention to pricing and fairness.