Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors ....
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MSL Global Limited's Board, at its July 19, 2025 meeting, approved increasing its stake in subsidiary Compliance Kart Private Limited by an additional 24% through subscription of 1,79,893 Compulsorily Convertible Preference Shares (CCPS) at ₹555.88 per share, aggregating to ₹9,99,98,920.84 (~₹10 crore). Post-investment, the company's holding in Compliance Kart will rise to 75% of paid-up capital. Compliance Kart operates in the Green Technology and Clean Tech sector, focused on green carbon credits advisory, monetization, marketplace/exchange operations, and green project development. The subsidiary, incorporated on September 14, 2020, has shown strong turnover growth from ₹0.67 lakh in FY22 to ₹19.92 lakh in FY24. The transaction is on a cash basis, not a related-party deal, and is expected to be completed within one year.
This is a strategic step by the company to deepen its exposure in the growing green/clean tech space via its existing subsidiary. For shareholders, it signals management's commitment to expanding in carbon credits and clean technology, though the subsidiary's turnover remains small and the deal is funded entirely in cash.