Prodocs Solutions Acquires 19% Stake in Sevasarthi Info Solution

Prodocs Solutions Ltd announced today the acquisition of a 19% stake in Sevasarthi Info Solution Private Limited from an existing shareholder for a consideration not exceeding ₹19,000. The acquisition is considered a related party transaction as a promoter of Prodocs is also a promoter and director of Sevasarthi, but it is conducted on an arm's length basis and does not fall under the material related party definition. Sevasarthi Info Solution, operating in IT enabled services, had a turnover of NIL as of March 31, 2026. The acquisition is expected to enhance domestic market presence, facilitate entry into new regions, and access new customer segments. The company also approved a Postal Ballot Notice for members to vote on adopting new Articles of Association, an Employee Stock Option Scheme (ESOP 2026) for employees and group companies, and the appointment of Ms. Neha Vinod Kothari as Non-Executive Independent Woman Director. The acquisition is expected to be completed within one month.