BSECovidh Technologies LtdMediumNeutral
Announced Mon, 23 Feb · 20:46 IST

This is with reference to the disclosure submitted by the Company on February 23, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....

Listed Co AcquisitionStrategic Transactions View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Covidh Technologies has issued a revised disclosure correcting the name of the target company in its earlier filing. The company had signed a non-binding Letter of Intent (LOI) on February 23, 2026 with iSERA Biological Limited (initially wrongly named as iSERA Biological Private Limited) for the proposed acquisition of 100% of its equity shareholding. If completed, iSERA Biological Limited would become a wholly owned subsidiary of Covidh Technologies. The LOI is non-binding except for confidentiality, exclusivity, governing law, and costs clauses, and the deal remains subject to definitive agreements, due diligence, and regulatory, statutory, and shareholder approvals.

Likely market impact

This is a correction to an earlier disclosure — no new information on deal terms or pricing has been added. For shareholders, the actual acquisition is still at an early, non-binding stage and subject to multiple approvals, so there is no immediate change to the company's business or financials until definitive agreements are signed.