Announcement under Regulation 30 (LODR)-Acquisition
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Olatech Solutions Ltd has acquired an 85% equity stake in Olatech Digital Solutions Private Limited, a related party transaction done on an arm's length basis. The target company operates in digital marketing, branding, SEO, social media marketing, e-commerce development, web design, ERP and software solutions, and digital campaigning. Olatech Solutions paid Rs. 10 per share in cash (face value), buying 8,500 shares out of 10,000 total, for a total acquisition cost of around Rs. 85,000. The target has reported nil turnover for the last three financial years (FY22–FY24) and no government approvals are needed. The acquisition is expected to be completed within 10 days.
This is a small, related-party acquisition of a private company with no revenue track record, so the financial impact on Olatech Solutions is negligible in the near term. However, it signals the company's intent to expand into digital marketing and software services, though shareholders should note the related-party nature and lack of historical turnover at the target.