Avonmore signs SPA to acquire 100% stake in EGE Consultant Pvt. Ltd.

Avonmore Capital & Management Services Ltd has signed a Share Purchase Agreement (SPA) on April 10, 2026, to acquire a 100% stake in Excelling Geo & Engineering Consultant Private Limited (EGE Consultant Pvt. Ltd.). This acquisition, a follow-up to a February 13, 2026 intimation, will make EGE Consultant Pvt. Ltd. a wholly-owned subsidiary of Avonmore. The completion of the acquisition is contingent upon fulfilling specific conditions precedent outlined in the SPA. While Avonmore previously held no shares in EGE, the transaction is classified as a related party transaction due to EGE becoming a subsidiary. However, it has been conducted at arm's length and received approval from the Audit and Board. No promoter or promoter group of Avonmore has an interest in EGE, except for Mr. Amitabh Sharan, who is a director in both EGE and a step-down subsidiary of Avonmore.