Revision of Outcome of Board Meeting held on December 08, 2025.
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Olatech Solutions has revised its December 8, 2025 board meeting outcome to fix a typographical/computation error. The company incorrectly mentioned Codebrew Innovations Private Limited earlier, which is not part of the deal, and the revised number of equity shares to be issued via preferential allotment is now 5,82,453 shares. This is a non-cash preferential issue (share swap) to acquire stakes in three overseas entities — Code Brew W.L.L., Code Brew Inc, and Code Brew Labs FZCO. The issue price is Rs. 451 per share (a premium of Rs. 441 over the Rs. 10 face value), allocated to 2 non-promoter allottees (Aseem Satish Kumar and Pargatjot Singh). The board also approved raising the authorized share capital from Rs. 6 crore to Rs. 7 crore and fixed an EGM with a scrutinizer appointed for the voting process.
Existing shareholders will face dilution as new shares are issued, but the shares are being used to acquire overseas Code Brew entities rather than raise cash, so no capital inflow — ownership stake is the cost. The revision removes a wrongly named party (Codebrew Innovations), making the disclosure cleaner for investors evaluating the swap.