Moschip Technologies Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 12, 2026
MOSCHIP · price
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Moschip Technologies Limited has called an EGM on May 12, 2026, seeking shareholder approval for a major acquisition. The company plans to acquire 73% controlling stake in Vayavya Labs Private Limited (VLPL), a 'Silicon-to-System' engineering partner serving semiconductor, automotive, consumer electronics, and EDA industries. The total deal consideration is ₹245.49 crores, split between ₹148.52 crores in cash (for 3,00,226 VLPL shares) and ₹96.97 crores via issuance of 50,50,686 equity shares at ₹192 per share (face value ₹2) to 67 VLPL shareholders. Post-acquisition, Moschip's headcount will exceed 2,000 employees across six locations including Ahmedabad, Belagavi, Bengaluru, Hyderabad, Pune, and Silicon Valley. VLPL brings 9 patents and expertise in embedded software, digital twins, ADAS validation, and automotive functional safety. The company also plans to acquire the remaining 27% stake in VLPL within two financial years.
This acquisition will significantly expand Moschip's engineering capabilities in automotive and semiconductor verticals while expanding its global delivery footprint. Existing shareholders will face dilution of approximately 3.8% based on the new share issuance. The deal is expected to be EBITDA-accretive and create cross-selling opportunities between the two companies' customer bases.