Quality Power Electrical Equipments Limited has informed the Exchange about Acquisition of Shares in Nebeskie Labs Private Limited
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Quality Power Electrical Equipments Limited's subsidiary, Quality Power Engineering Projects Private Limited, acquired an additional 3,040 equity shares in Nebeskie Labs Private Limited for a total consideration of Rs. 1.67 crore (cash), at a premium of Rs. 5,498 per share. With this allotment, the subsidiary now holds 5,673 equity shares, representing 26% of Nebeskie's equity share capital, making Nebeskie an Associate Company. Nebeskie Labs is a small technology startup focused on Industry 4.0, IIoT edge platforms, and AI for factories, with a turnover of just Rs. 1.09 crore in FY25 (up from Rs. 0.55 crore in FY24). The deal was completed on August 2, 2025, is not a related-party transaction, and aims to enhance product development and expand offerings for Quality Power.
This is a small strategic acquisition into an early-stage tech firm (Industry 4.0/IIoT space), likely to broaden Quality Power's digital product portfolio rather than materially impact near-term financials. The small deal size (Rs. 1.67 crore) and Nebeskie's tiny revenue base suggest limited immediate effect on earnings, though it signals the company's intent to diversify into smart manufacturing technology.