Softtech Engineers Limited has informed the Exchange about update on Acquisition.
SOFTTECH · price
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Softtech Engineers has provided an update on its ongoing acquisition of a German entity, referencing earlier disclosures from May 2025 and September 2025. The company has transferred the initial payment for 50,000 no-par value shares with a nominal value of EUR 1.00 each, totaling EUR 50,000 as the first tranche. This filing is a regulatory update under SEBI Listing Regulations confirming progress on the deal. The size of the initial tranche is relatively small, suggesting the transaction may still be in early stages or involve staged payments.
This is a routine progress update on a previously announced acquisition. The initial payment is modest in size, so near-term financial impact is limited. Shareholders should watch for further disclosures regarding the total deal value, completion timeline, and strategic rationale.