Sizemasters Technology Invests ₹1.02 Cr in Ankita Innovations

Sizemasters Technology Ltd announced its Board of Directors has approved an investment of ₹1,02,18,000/- (Rupees One Crore Two Lakhs Eighteen Thousand Only) to acquire 7,86,000 equity shares, representing 60% of the paid-up share capital of Ankita Innovations & Technologies (I) Private Limited. This acquisition, based on a valuation report from M/s GMKS & Co. Chartered Accountants, will establish a holding-subsidiary relationship. Ankita Innovations & Technologies operates in painting and coating services and was incorporated on October 15, 2024. The acquisition aims to expand Sizemasters Technology's business and explore new opportunities in different sectors. The transaction is an arm's length deal and does not involve related parties.