Ikoma Technologies withdraws acquisition of ICM Insurance Brokers

Ikoma Technologies Limited announced the withdrawal of its proposed acquisition of M/s ICM Insurance Brokers Private Limited. This decision follows the withdrawal of the company's in-principle application for a Rights Issue, which was intended to fund the acquisition. The Board of Directors approved the withdrawal during a meeting held on September 25, 2026. The company cited the need to revise the objectives of the Rights Issue as the reason for its withdrawal, necessitating a fresh application to the stock exchange.