Acquisition |
| Name of acquirer* | V R Infraspace Limited |
| Relationship of acquirer with the listed entity* | Listed Entity (self) |
| Details of other relation with acquirer | |
| Name of the target entity | Daxon Realty Limited |
| Latest financial parameter of target entity |
| Turnover ( In crore)* | 22.1346 |
| PAT ( In crore)* | 1.9654 |
| Networth ( In crore)* | 9.9818 |
| Other | |
| Whether the acquisition would fall within Related Party Transaction(s)?* | Yes |
| Date of board meeting in which RPT approval taken | 21-01-2026 |
| Date of audit committee meeting in which RPT approval taken | |
| Whether the said RPT is material?* | No |
| Date of approval from shareholders | |
| Whether the promoter / promoter group / group / associate / holding / subsidiary companies / Director&KMP and its relatives have any interest in the entity being acquired?* | Yes |
| Nature of interest and details thereof | Daxon Realty Limited is Subsidiary Company of V R Infraspace Limited. Mr. Bhavesh Sojitra, Member of Promoter Group is a Director & Member of Daxon Realty Limited. The transaction is at “arm’s length”. |
| Whether the same is done at “arms length”?* | Yes |
| Whether special resolution is passed/proposed? | |
| Date of Special Resolution | |
| Industry to which the entity being acquired belongs* | Construction and/or Development of Residential and Commercial properties. |
| Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)* | The acquisition will enable the Company to exercise enhanced managerial and operational oversight, improve alignment of business strategies, and facilitate better integration of operations, governance, and financial management between the Company and its subsidiary. The acquisition is not expected to have any adverse impact on the financial position or operations of the Company. |
| Whether any governmental or regulatory approvals required for the acquisition?* | NA |
| Provide brief details of any governmental or regulatory approvals | |
| Whether the transaction will be in tranches* | Yes |
| Indicative time period for completion of the acquisition* | Within six months from the date of Board approval. |
| Nature of consideration- whether cash consideration or share swap and details of the same* | Cash |
| Details of consideration | Rs. 10 per share |
| Cost of acquisition or the price at which the shares are acquired (Total value) ( Rs in Crore)* | 0 |
| Existing percentage of shareholding held by acquirer* | 51% |
| Percentage of Control acquired | |
| Percentage of shares acquired (additional, if existing holding persists) | 20% |
| Brief background about the entity acquired in terms of products/line of business acquired* | Construction and/or Development of Residential and Commercial properties. |
| Date of incorporation | 26-04-2024 |
| History of last 3 years turnover | Year Description
(YYYY-YY) | Amount of turnover
(In Crore)) |
| 1st Previous year turnover | | |
| 2nd Previous year turnover | | |
| 3rd Previous year turnover | | |
| Country in which the acquired entity has presence* | India |
| Any other significant information (in brief) | The Company shall make appropriate disclosures upon completion of the transaction. |