Sastasundar Ventures to Merge Subsidiary Sastasundar Healthbuddy with Envision India Fund

Sastasundar Ventures Ltd, formerly known as Sastasundar Ventures Limited, has announced that its board of directors have approved the execution of a tripartite agreement with Sastasundar Healthbuddy Limited (SHBL), its material subsidiary, and Envision India Fund, a qualified institutional buyer. This agreement is in pursuance of a share purchase agreement dated 25.02.2026, whereby Envision has agreed to acquire the entire shareholding of Mitsubishi in SHBL. The agreement contemplates the merger of SHBL with the Company, ensuring that Envision's economic interest in the Company post-merger remains the same as it was in SHBL prior to the merger. If the merger cannot be consummated, the Company shall undertake a share swap arrangement so as to ensure that Envision receives equivalent shares of HealthX in lieu of shares held in SHBL. Envision is also entitled to appoint a director on the Board of the Company in certain circumstances.