SIZEMASTERS : ACQUIRES 60% STAKE IN ANKITA INNOVATIONS FOR RS 1.02 CR

• Board approved acquisition of 7,86,000 equity shares, or 60% of paid-up capital, of Ankita Innovations & Technologies (I) Pvt Ltd • Shares bought from existing shareholders Mr Shankar Gaikwad and Mrs Kavita Gaikwad for a cash consideration of ₹1.02 Cr • Deal priced on valuation report of M/s GMKS & Co, Chartered Accountants; share purchase agreement dated October 31, 2026 • Transaction creates a holding-subsidiary relationship; target is not a related party of the company, promoter or directors • Target is in painting and coating services with a facility at E-168, GIDC Sanand II, Gujarat; incorporated October 15, 2024 • Company cites expansion of business and new opportunities in a different sector as the primary reason

Sizemasters Technology Ltd

Open attachment

← Back to feed