Board Meeting21 May 2026, 07:31 am
Fractal Analytics to Invest ₹57.6 Cr in Asper.Ai Inc.
AI Summary
Fractal Analytics Ltd's board approved an investment of USD 0.6 crore (₹57.6 crore) by Fractal Analytics Inc. (Fractal US) in Asper.Ai Inc. (Asper US), a step-down subsidiary. The investment, exceeding materiality thresholds, will fund research and development and sales and marketing for Asper US. Additionally, M/s. Makarand M. Joshi & Co. were appointed as Secretarial Auditors for a 5-year term, subject to shareholder approval. The board meeting took place on May 20-21, 2026.
Key Highlights
- Fractal US to invest ₹57.6 crore in Asper US.
- Investment will fund R&D and sales/marketing for Asper US.
- Makarand M. Joshi & Co. appointed as Secretarial Auditors.
- Auditor appointment is for 5 years, subject to shareholder approval.
- Asper US turnover for FY26 was ₹54.52 crore.
Price Impact
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