Innovana clarifies AdCounty Media classified as Associate under Ind AS

Strategic Transactions View source PDF Explain this filing

INNOVANA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹381.95

prior close

₹380.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%+2.2% vs market

Computers - Software & Consulting peers, median of 66sector-2.2%+1.7% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.7 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.1

15m

-0.1

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-2.7+2.2-2.2+1.7

Next day

-5.7-3.5-2.3-3.4-2.3

-7.3-2.0-5.4-2.6-4.7

-7.6-4.1-3.5-4.6-3.0

-5.7-3.9-1.8-4.2-1.6

-3.1-2.0-1.1-3.4+0.2

-10.2-0.6-9.6-4.1-6.1

15d

+11.3+4.4+6.8-4.7+15.9

+12.6+1.3+11.3-11.6+24.2

-7.1-6.9-0.2-20.8+13.7

+3.9+4.6-0.7-10.3+14.2

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Innovana Thinklabs holds a 17.79% equity stake in AdCounty Media India Limited as of December 31, 2025, post AdCounty's listing. Since the stake is below 20%, AdCounty is not an Associate under the Companies Act 2013. However, since Innovana exercises significant influence, it classifies AdCounty as an Associate under Ind AS for accounting purposes.

Likely market impact

Routine regulatory clarification on investment classification, likely no material impact on stock price or shareholders.