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 of Directors, at its meeting on July 31, 2025, approved the acquisition of a 25% equity stake in Skillsbiz Education Private Limited for a cash consideration of Rs. 10 per share. Skillsbiz Education, incorporated on May 6, 2025, operates in the edtech and education sector, offering schools, colleges, coaching, online education, e-learning, and LMS services. The target has a paid-up capital of just Rs. 1,00,000 (10,000 equity shares of Rs. 10 each), meaning the total investment value is only Rs. 25,000. The acquisition is not a related party transaction and is expected to be completed within 10 days. The move is described as a strategic entry into the edtech space for the company.
This is a very small-ticket strategic investment (just Rs. 25,000) into a newly incorporated, pre-revenue edtech startup. It signals management's intent to diversify into online education and e-learning, but the financial impact on Olatech is negligible in the near term. Shareholders should view this as an exploratory diversification move rather than a value-accretive deal.