Innovana Thinklabs Limited has informed the Exchange about Diversification/Disinvestment
INNOVANA · price
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Awaiting price reaction for this filing.
Innovana Thinklabs Limited's wholly-owned subsidiary, Innovana Astro Services Limited, issued new shares (5,000 equity shares and 543 CCPS) at face value of ₹10 each, for an aggregate consideration of ₹2.17 crore. As a result, Innovana Thinklabs' ownership in the subsidiary dropped from 100% to 92.01%. One of the buyers is Mr. Kapil Garg, a promoter and director of Innovana Thinklabs, making this a related party transaction, though conducted at arm's length price. The subsidiary contributed ₹16.38 crore in turnover and ₹1.75 crore in net worth to the consolidated FY25 financials. The transaction was completed on July 28, 2025.
This is a minor dilution in a subsidiary rather than a meaningful divestment, and the ₹2.17 crore consideration is small relative to the company's size. The promoter group's participation is a related party transaction that may attract governance scrutiny, but the arm's length pricing provides some comfort. Overall limited impact on consolidated financials or shareholder value.