Sizemasters to Acquire 60% Stake in Ankita Innovations for ₹1.02 Cr

Sizemasters Technology Ltd announced its Board of Directors has approved the acquisition of 7,86,000 equity shares, representing 60% of the paid-up share capital, in Ankita Innovations & Technologies (I) Private Limited. The investment, valued at ₹1,02,18,000 (₹1.02 Crore), will establish a holding-subsidiary relationship. Ankita Innovations operates in painting and coating services and is incorporated in India. This acquisition aims to expand Sizemasters' business and explore new opportunities in different sectors. The transaction is based on a valuation report and is expected to be completed as per the Share Purchase Agreement executed on October 31, 2026. Ankita Innovations is not a related party to Sizemasters.