This is to inform to the exchange that the Board of Directors at their meeting held today i.e. on Saturday, 30th August 2025 at the corporate office of the Company, have consider and approve ....
Awaiting price reaction for this filing.
Colab Platforms Ltd's board, at its meeting on 30th August 2025, approved the launch of a new dedicated esports platform called www.colabesports.in. The platform is aimed at competitive gaming athletes in India and will offer official player profiles, XP and ranking systems, leaderboards, rewards, and prizes. The company positions itself as a technology, sports and gaming company tapping into India's esports market, which is projected to grow from USD 208.73 million in 2024 to USD 1,168.82 million by 2034 at an 18.8% CAGR. India has 594 million online gamers and 155 million professional esports athletes, with the government formally recognizing esports as a competitive sport in December 2022. India's participation in the inaugural Olympic Esports Games 2027 is also highlighted as a tailwind for the segment.
This is a new business vertical launch with no disclosed revenue impact or financial commitments, so near-term stock impact is likely limited. For shareholders, the move expands the company's addressable market into a high-growth segment but execution and monetization of the esports platform remain to be seen.