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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On June 5, 2026, the Board of Ikoma Technologies Ltd (formerly Vuenow Infratech Ltd) approved two major proposals. First, a Rights Issue to raise up to Rs. 50 crore by issuing 2,77,70,571 fully paid-up equity shares of Rs. 10 face value to eligible shareholders, with a Rights Issue Committee constituted to decide final terms. Second, the Board approved acquiring a 51% stake in ICM Insurance Brokers Private Limited for approximately Rs. 29.92 crore in cash consideration. The target company, incorporated in 2008, operates in the insurance sector and reported provisional turnover of Rs. 31.42 crore in FY26, up sharply from Rs. 10.63 crore in FY25 and Rs. 3.71 crore in FY24. The acquisition is a related party transaction (common directors) but is being done at arm's length, with expected completion within 90 days.
Shareholders may face dilution from the Rights Issue but will get the first opportunity to subscribe and maintain their stake. The acquisition diversifies the company into the fast-growing insurance broking space, which could be value-accretive if integration goes well; expect some stock price movement around the Rights Issue record date announcement.