Athena Global Technologies Limited has announced the completion of a strategic corporate restructuring involving the acquisition and divestment of healthcare subsidiaries. The board of directors approved these transactions during their meeting held on March 31, 2026, aimed at consolidating the group's healthcare and trading operations.

Acquisition Details

The company has acquired 100% equity shareholding of MedleyMed Healthcare Solutions Private Limited, converting it into a wholly owned subsidiary. The acquisition represents a strategic move to strengthen the company's position in healthcare logistics and pharmaceutical trading operations.

MedleyMed Healthcare Solutions, incorporated on November 14, 2019, specializes in healthcare logistics and pharmaceutical trading operations. The company operates as a small-scale unit and has shown varying financial performance over recent years.

Financial Performance of Acquired Entity

The target company's turnover history demonstrates significant fluctuations in business performance:

Divestment Transaction

Simultaneously, Athena Global Technologies has divested its stake in Medley Medical Solutions Private Limited as part of the restructuring exercise. This divestment complements the acquisition strategy by streamlining the group's healthcare operations.

Financial Impact and Contribution

The divested entity's contribution to the consolidated financials as of September 30, 2025, was relatively modest:

• Income Contribution: 0.17% of total consolidation income (0.94 lakhs)
• Net Worth Contribution: 0.39% of total consolidation net worth (55.95 lakhs)

Regulatory Compliance and Structure

Both transactions qualify as related party transactions conducted at arm's length basis. The acquisition requires no specific government approvals beyond standard compliance under the Companies Act, 2013 and SEBI regulations. The restructuring aims to consolidate group healthcare and trading businesses under one entity for improved operational efficiency.

The board meeting commenced at 6:30 PM and concluded at 7:15 PM on March 31, 2026, with all necessary approvals obtained for both transactions. These strategic moves reflect the company's commitment to optimizing its healthcare business portfolio through focused consolidation.

Athena Global Technologies Limited has submitted the voting results and scrutinizer report for its Extra-Ordinary General Meeting held on March 25, 2026, to the BSE under Regulation 44 of SEBI (LODR) Regulations 2015. The company successfully conducted the EGM through Video Conferencing and Other Audio Visual Means, with all three resolutions passed by requisite majority.

EGM Overview and Participation

The EGM was conducted on March 25, 2026, at 12:00 Noon through VC/OAVM, chaired by M Satyendra, Chairman & Managing Director. The meeting addressed three key business items including warrant issuance, director reappointment, and material related party transactions.

Voting Results Summary

All three resolutions were passed with 100% votes in favor, demonstrating strong shareholder support. The voting process was conducted through remote e-voting and insta-poll mechanisms, supervised by scrutinizer Jineshwar Kumar Sankhala from P.S. Rao & Associates.

Resolution 1: Warrant Issuance (Special Resolution)

Issuance of up to 7,00,000 warrants convertible into equity shares to promoter on preferential basis received unanimous approval.

Resolution 2: Director Reappointment (Special Resolution)

Re-appointment of M. Satyendra as Chairman & Managing Director was approved with total votes of 3,304,133.

Resolution 3: Related Party Transactions (Ordinary Resolution)

Approval for material related party transactions with Medley Medical Solutions Private Limited received the same voting pattern as Resolution 1.

Scrutinizer Report and Compliance

Jineshwar Kumar Sankhala, Practicing Company Secretary from P.S. Rao & Associates, served as the appointed scrutinizer. The report confirmed that all resolutions were passed by requisite majority with 71 members voting in favor across all three resolutions and zero votes against any resolution.

The company utilized Central Depository Services (India) Limited (CDSL) for the electronic voting facility, ensuring compliance with MCA circulars and SEBI Listing Regulations. The cut-off date for determining eligible shareholders was March 18, 2026.

Regulatory Submission

Company Secretary Gayathri Prithviraj submitted the comprehensive voting results and scrutinizer report to BSE on March 26, 2026, fulfilling regulatory obligations under Section 108 of the Companies Act, 2013 and Regulation 44(3) of SEBI (LODR) Regulations 2015. The detailed results are also available on the company's website at www.athenagt.com .