Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby inform you that the Board of Directors of the ....
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Olatech Solutions Ltd's Board, at its meeting on July 31, 2025, approved acquiring a 25% equity stake in Skillsbiz Education Private Limited, an edtech company. Skillsbiz Education runs schools, colleges, coaching classes, and offers online education, e-learning, and LMS services. The target was incorporated on May 6, 2025, with a paid-up capital of just Rs. 1 lakh (10,000 shares of Rs. 10 each) and no turnover yet. Olatech is buying the shares at Rs. 10 per share in cash, and the deal is expected to close within 10 days. The investment is not a related-party transaction, and no regulatory approvals are needed.
This is a small strategic diversification move into the edtech sector, but the target is a newly incorporated company with no revenue, so the financial impact on Olatech is likely minimal in the near term. Shareholders should view this as a tentative foray into a new vertical rather than a value-accretive acquisition.