Novus Loyalty Ltd

Novus Loyalty Ltd has announced that its Board of Directors will convene on October 26, 2026, at 4:00 PM. The primary agenda item is to consider and approve the unaudited standalone financial results for the quarter and half-year ended September 30, 2026, along with the Limited Review Report from the Statutory Auditor. The company will adhere to SEBI LODR Regulations for all disclosures.

Novus Loyalty Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Half Year ended September 30, 2026. The specific date for the Board meeting to approve these results will be communicated separately. This measure is in line with the company's Code of Conduct for Insiders.

Novus Loyalty Ltd has executed definitive Share Purchase Agreements to acquire an aggregate of 54.873% of the equity share capital of AutoPe Payment Solutions Limited. This acquisition, valued entirely in cash and paid in two equal installments per agreement, supports Novus Loyalty's strategic entry into the digital payments sector. The deal does not involve related parties and is conducted at arm's length. AutoPe operates in the fintech payment solutions industry in India. This move is expected to strengthen Novus Loyalty's overall business profile.

Novus Loyalty Limited has enhanced the "Cent Rewardz" loyalty program for Central Bank of India by adding new redemption options. Customers can now use their Cent Rewardz points for ticket bookings via IRCTC and the Delhi Metro "Sarthi" App. This expansion into railway and metro travel aims to increase customer engagement and program utility. The move aligns with Novus Loyalty's strategy to build a diversified redemption network for its banking partners, focusing on high-frequency use cases to drive points redemption and customer loyalty. The company plans to onboard more partners across travel, mobility, and retail sectors in FY2026-27.

Novus Loyalty Ltd announced the successful passing of a special resolution at its Extra Ordinary General Meeting (EGM) to amend Clause V of its Memorandum of Association. The company's authorized share capital will be increased from ₹18 crore to ₹20 crore. This move involves the creation of additional equity shares and is subject to necessary regulatory approvals. The EGM was held physically in Gurugram on September 3, 2026, with Mr. Deepak Tomar presiding as Chairperson. The company also passed a special resolution for the Novus Loyalty Employment Stock Option Plan 2026 (ESOP 2026).

Novus Loyalty Ltd has entered into a term sheet to acquire a stake in AutoPe Payment Solutions Limited, a fintech payment solutions provider. The acquisition is subject to due diligence and definitive agreements. The proposed deal values AutoPe at ₹130 crore on a fully diluted basis, with Novus Loyalty acquiring approximately 80.87% stake for around ₹105.13 crore. This move aims to support strategic growth, business expansion, and operational synergies for Novus Loyalty. The transaction is not a related party transaction and is proposed to be at arm's length. Completion of the first tranche is targeted within approximately 10 months.

Novus Loyalty Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for September 3, 2026. The EGM will address three key special businesses: approval to increase the authorized share capital from ₹18 Crores to ₹21 Crores, approval of the Novus Loyalty Employment Stock Option Plan 2026 (ESOP 2026) allowing for up to 15,00,000 stock options, and approval for establishing a wholly-owned subsidiary in Dubai, UAE. The notice, dated August 6, 2026, details the resolutions and compliance with relevant Companies Act and SEBI regulations. The meeting will be held at the company's registered office in Gurugram.

Novus Loyalty Ltd announced the resignation of Mr. Rajesh Sureka as an Independent Director, effective August 4th, 2026. The resignation is attributed to personal and professional commitments. Consequently, Mr. Sureka will also step down as Chairman of the Audit Committee and as a Member of the Nomination and Remuneration Committee & Stakeholders Relationship Committee. He has confirmed there are no other material reasons for his departure.

Novus Loyalty Ltd announced the resignation of Mr. Rajesh Sureka as an Independent Director, effective August 4th, 2026. The resignation is attributed to personal and professional commitments. Consequently, Mr. Sureka will also step down as Chairman of the Audit Committee and as a Member of the Nomination and Remuneration Committee & Stakeholders Relationship Committee. He has confirmed that there are no other material reasons for his departure. The company has enclosed the resignation letter and requisite disclosures as per SEBI regulations.

Novus Loyalty Limited has entered into a Master Services Agreement with Hero Housing Finance Limited to serve as its Loyalty Technology and Program Design Partner. This collaboration involves designing, configuring, and implementing a comprehensive loyalty and rewards ecosystem for Hero Housing Finance. The agreement spans three years and will focus on driving customer activation, engagement, lead generation, disbursement growth, referrals, and retention. The revenue model is recurring and usage-linked, with consideration growing based on user onboarding and engagement, offering Novus a scalable, annuity-like revenue stream in addition to a one-time setup fee. Deployment is expected within two weeks.