Avonmore Capital & Management Services has successfully completed the acquisition of 100% stake in Excelling Geo & Engineering Consultant Private Limited (EGE Consultant Pvt. Ltd.) on April 13, 2026. The completion follows the Share Purchase Agreement executed on April 10, 2026, marking a significant milestone in the company's expansion strategy.

Acquisition Timeline and Completion

The acquisition process began with an initial intimation on February 13, 2026, followed by the signing of the Share Purchase Agreement on April 10, 2026. The transaction was successfully completed on April 13, 2026, upon fulfillment of all conditions precedent as stipulated in the agreement.

Transaction Structure and Compliance

With the completion of the acquisition, EGE Consultant Pvt. Ltd. has become a wholly owned subsidiary of Avonmore Capital with effect from April 13, 2026. Prior to this acquisition, the company held no shareholding in EGE Consultant. The transaction falls under the category of related party transactions and has received necessary approvals from the Audit Committee and Board of Directors.

Key Transaction Terms and Structure

The agreement establishes EGE Consultant as a wholly owned subsidiary, eliminating the need for specific special rights such as director appointment rights or share subscription preferences. The transaction has been structured at arm's length pricing in compliance with regulatory requirements.

Related Party Considerations

While none of the promoter, promoter group, or group companies of Avonmore Capital have any direct interest in EGE Consultant Pvt. Ltd., there is one notable connection. Mr. Amitabh Sharan serves as a Director of EGE Consultant Pvt. Ltd. and is also a Director in Almondz Global Infra-Consultant Limited, which is a step-down subsidiary of the company.

Regulatory Disclosure and Communication

The company has communicated the completion to BSE Limited and National Stock Exchange of India Limited through formal intimation dated April 13, 2026. The disclosure has been made in compliance with Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been made available on the company's website at www.avonmorecapital.in for public access.

Avonmore Capital & Management Services Limited has officially confirmed to stock exchanges that it does not meet the criteria for classification as a Large Corporate under SEBI regulations. The company communicated this status through a formal letter dated April 10, 2026, addressed to both BSE Limited and the National Stock Exchange of India.

SEBI Large Corporate Framework

The confirmation relates to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which establishes the framework for fund raising by issuance of debt securities by Large Corporate Entities. This circular works in conjunction with Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Financial Position and Classification Criteria

The company's financial position as on March 31, 2026, clearly demonstrates its non-qualification for Large Corporate status:

According to point 3.2 (b) of the SEBI circular dated October 19, 2023, companies must have outstanding long-term borrowings of ₹1,000 crore or more to be classified as Large Corporates. Avonmore Capital's borrowings of ₹0.33 crore fall significantly below this threshold.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations by submitting the required documentation to stock exchanges. The communication was signed by Sonal, Company Secretary & Compliance Officer (M. No.57027), and Shakti Singh, CFO, both providing digital signatures on April 10, 2026. The company has also enclosed Annexure A as mandated by the relevant SEBI circulars, providing complete transparency regarding its financial position.

Company Details and Exchange Designation

Avonmore Capital & Management Services Limited operates under CIN L67190MH1991PLC417433. In compliance with regulatory requirements, the company has designated BSE as the stock exchange where any potential fines would be paid in case of shortfall in required borrowing under the framework, though this provision does not apply given the company's current non-Large Corporate status.

This confirmation ensures regulatory clarity and demonstrates the company's commitment to transparent compliance with SEBI guidelines regarding debt securities framework applicability.