Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Olatech Solutions Ltd's Board, meeting on April 11, 2025, approved acquiring an 85% stake in Olatech Digital Solutions Private Limited for Rs. 10 per share in cash, totaling around Rs. 85,000. 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 Digital Solutions has an authorized and paid-up capital of Rs. 1 lakh each but reported NIL turnover for the last three financial years (FY22, FY23, FY24). The deal is expected to be completed within 10 days, and the company will venture into new digital marketing business avenues through this investment.
The acquisition is very small in value (about Rs. 85,000) but gives Olatech Solutions entry into the digital marketing space. Since the target has no revenue track record, near-term financial impact is minimal, though it sets up a new growth vertical. Investors should note this is a related-party deal — directors Amit Kumar Singh and Navneet Kakkar sit on both companies — though the company states it was done at arm's length.