Qualitek Labs Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/09/2025 ,inter alia, to consider and approve the allotment of 16,72,531 equity ....
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Qualitek Labs Ltd has called a Board Meeting on 10th September 2025 to consider and approve the allotment of 16,72,531 equity shares of ₹10 each at a price of ₹310.89 per share (including a premium of ₹300.89) on a preferential basis. These shares will be issued to the shareholders of Interstellar Testing Centre Private Limited as part of a share swap arrangement, effectively meaning Qualitek Labs is acquiring Interstellar Testing Centre. The deal was approved by shareholders via a special resolution on 25th June 2025 and has already received in-principle approval from BSE on 4th September 2025. The shares will be allotted to both promoters and non-promoters of Interstellar Testing Centre.
This is a share-swap based acquisition where Qualitek Labs is using its own shares (valued at ~₹52 crore total) to acquire Interstellar Testing Centre Private Limited, leading to dilution for existing shareholders of Qualitek Labs. Shareholders should watch for the completion of this acquisition and how Interstellar Testing Centre's business contributes to Qualitek Labs going forward.