AGI Greenpac Limited has completed its second tranche investment in Madoverbuilding AI Private Limited, acquiring a total stake of 19.75% in the e-commerce technology company. The investment was disclosed under Regulation 30 of SEBI Listing Regulations on April 22, 2026.

Investment Structure and Timeline

The acquisition was executed through a share subscription and shareholders' agreement (SSHA) originally entered into on May 30, 2025. The investment was structured in two tranches, with the first tranche completed on May 30, 2025, where the company acquired 14.28% stake. The Board of Directors had previously revised the total stake from the originally planned 25% to 19.75% in their meeting held on January 28, 2026.

The second tranche completion was approved by MOB AI's Board of Directors in their meeting held on April 21, 2026, with the allotment of securities confirmed on April 22, 2026.

Target Company Profile

Madoverbuilding AI Private Limited (MOB AI) operates in the e-commerce and B2B online marketplace sector. The company was incorporated on December 21, 2021, and specializes in building e-commerce marketplace technologies, e-business platforms, and embedding lending technologies for the construction and interior materials sector.

Financial Performance

MOB AI has demonstrated growth in its business operations over the past three years:

Strategic Rationale and Regulatory Compliance

According to the disclosure, AGI Greenpac envisions investments in emerging technologies and business models that complement the company's core operations. This acquisition enables the company to gain equity stakes in innovative ventures within the e-commerce and construction materials marketplace.

The acquisition does not fall under related party transactions as per the Companies Act, 2013 provisions. The promoter, promoter group, and group companies of AGI Greenpac do not have any interest in MOB AI. No governmental or regulatory approvals were required for this acquisition.

AGI Greenpac Limited has submitted its quarterly dematerialization compliance certificate to regulatory authorities for the quarter ended 31.03.2026. The certificate, filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, demonstrates the company's adherence to securities handling requirements.

Quarterly Compliance Details

The certificate covers the period from 01.01.2026 to 31.03.2026 and confirms that all required details of securities dematerialized during this quarter have been furnished to both NSDL and CDSL, as well as to all stock exchanges where the company's shares are listed.

Securities Handling Confirmation

The company confirmed that securities received for dematerialization have been properly destroyed, mutilated, and cancelled after the transfer of shares in dematerialized form. This confirmation was provided by the company's Registrar and Transfer Agent (RTA) through their letter dated 02.04.2026.

Additionally, the certificate states that no securities of the company were rematerialized during the specified period, maintaining full compliance with dematerialization requirements.

Registrar Confirmation

Maheshwari Datamatics Pvt. Ltd., serving as the company's registrar, provided separate confirmation of compliance. The registrar verified that:

• Demat Transfer Register for the period was sent to depositories and stock exchanges
• All securities received from Depository Participants were destroyed/mutilated/cancelled within stipulated time
• Proper documentation and reporting procedures were followed

Regulatory Communication

The certificate was formally communicated to National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd. (CDSL). Copies were also sent to BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under scrip code 500187 and symbol AGI respectively.

Company Secretary and Compliance Officer Ompal signed the certificate digitally on 8th April, 2026, ensuring proper authorization and documentation of the compliance filing.