30-Sept-2026 15:51:52
TIILAcquisition and merger
TECHNOCRAFT INDUSTRIES : DECIDES NOT TO PROCEED WITH ACQUISITION OF JAPANESE FIRM
• Company decided not to proceed with the proposed acquisition of 100% equity stake in newly incorporated Japanese company ‘Technosoft Integrated Solutions K.K.' • The decision follows mutual discussions and evaluation of evolving strategic considerations. • The parties have agreed to terminate the discussions. • There are no material financial implications as the target company was newly incorporated and had not started business operations. • Previous disclosure regarding the acquisition was made on July 20, 2026. Impact: Neutral (Decision to not proceed with acquisition as per strategic evaluation)
Technocraft Industries (India) Ltd
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