Announcement under Regulation 30 Le Lavoir has entered in MOU with Tech Riser Private Limited
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Le Lavoir Limited has signed an MOU on September 30, 2025 (announced October 6) to acquire a 51% stake in Tech Riser Private Limited, a recently incorporated IT firm that develops digital platforms for retail laundry businesses. Consideration will be paid entirely through a share swap, with Le Lavoir issuing its own shares to the promoter of Tech Riser, based on Le Lavoir's prevailing BSE market price on the signing date. The acquisition is not a related party transaction and is subject to shareholder approval and BSE clearance. Tech Riser offers software solutions covering order booking, tracking, payments, and backend operations, aimed at helping retail laundry businesses shift to a digital model.
This is a stock-funded strategic acquisition that diversifies Le Lavoir into the digital/IT space and supports its retail laundry expansion plans. Shareholders should expect equity dilution as new shares will be issued, though the deal could open a new growth vertical once completed. The transaction is still pending shareholder and stock exchange approvals.