Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 - Acquisation of shares in Mercaze Private Limited resulting in it becoming a subsidiary of NAPS Global India Limited.
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NAPS Global India Limited has acquired 10 lakh equity shares representing 90.91% of the share capital of Mercaze Private Limited for a cash consideration of Rs. 1 crore. The acquisition was completed on December 30, 2026, making Mercaze a subsidiary of the listed company. Mercaze is a newly incorporated entity (August 2025) engaged in the textile and garment business, including manufacturing, trading, importing, and exporting of fabrics, readymade garments, fashion wear, and accessories. The acquisition is classified as a related party transaction as the promoter/promoter group has an interest in Mercaze, which is now a subsidiary of NAPS Global. The company stated the move is aimed at expanding business operations, driving growth, increasing revenue, and enhancing market share, and aligns with its main line of business.
This acquisition diversifies NAPS Global's presence in the textile and garment sector, potentially adding a new revenue stream. However, since the target was only recently incorporated with nil turnover, near-term financial impact may be limited and shareholders should watch for execution and integration updates. The related party nature of the deal warrants attention to whether it was conducted at arm's length.