Softtech Engineers Limited has informed the Exchange about Acquisition
SOFTTECH · price
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Softtech Engineers is acquiring 100% of Eximietas Developer Private Limited (EDPL) through a cash deal, making it a wholly owned subsidiary. EDPL was incorporated in August 2024 and has reported nil turnover, so this is not a revenue-generating acquisition. The purpose is to secure lease rights for a prime location in Hinjewadi Phase III from MIDC, where Softtech plans to set up a Corporate Business Excellence Centre. The transaction is not a related-party deal and requires no government or regulatory approvals. The acquisition is expected to be completed by end of December 2025. Deal value and share purchase agreement details were not disclosed in this filing.
This is an infrastructure/real estate play rather than a business acquisition, since EDPL has no operations or revenue. Shareholders should view it as Softtech securing a strategic office location aligned with its long-term growth plans, with limited immediate impact on financials. Watch for future disclosures on deal value to gauge capital deployment.