Intimation under Regulation 30 SEBI (LODR) Regulations, 2015 - Acquisition of Share in Purple Impex India Private Limited Resulting in it becoming a Subsidiary of NAPS Global India Limited
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NAPS Global India Limited has acquired 15,10,000 equity shares (99.33% of share capital) of Purple Impex India Private Limited for Rs. 1.50 crore in cash on December 31, 2025. With this acquisition, Purple Impex has become a subsidiary of NAPS Global. The target company was incorporated only in April 2025 and currently has nil turnover, operating in the trading, import-export, and distribution business. The acquisition is classified as a related party transaction since the promoter/promoter group has an interest in the investee company. The stated objective is to expand business operations, drive growth, increase revenue, and enhance market share in the main line of trading business.
This is a small acquisition (Rs. 1.5 crore) of a newly incorporated company with no revenue, so the immediate financial impact is limited. However, shareholders should note this is a related party transaction, which carries inherent governance risk. The deal aligns with the company's core trading business but does not yet add meaningful revenue.