Axentra Corp Limited has signed a Share Purchase Agreement (SPA) to acquire a 51% stake in Fore Solutions Private Limited, marking a strategic expansion of its subsidiary portfolio. The agreement was executed on May 3, 2026, with the selling shareholders of the target company. Upon completion of the share transfer, Fore Solutions Private Limited will become a subsidiary of Axentra Corp Limited.

The transaction follows a Board Meeting Outcome dated May 25, 2026, where the company formally approved the strategic move. The completion of the acquisition remains contingent upon the transfer of shares, for which the company has indicated it will provide a separate update to the stock exchanges.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Transaction Details

The key parameters of the acquisition are outlined below:

The filing was submitted by Manisha Roopchand Sharma, Company Secretary & Compliance Officer of Axentra Corp Limited. The company, formerly known as Dugar Housing Developments Limited, is listed on BSE Limited.

Axentra Corp Limited reported a net profit of ₹104.11 lakh for the financial year ended March 31, 2026, a substantial increase from ₹3.50 lakh in the previous year. The company's revenue from operations surged to ₹1,033.62 lakh in FY26, compared to ₹30.00 lakh in FY25, driven primarily by a preferential allotment of equity shares during the quarter ended March 31, 2026. The Board of Directors approved the audited standalone financial results at its meeting held on May 27, 2026. The company published the results in newspapers Trinity Mirror and Makkal Kural on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board noted the cessation of Senthil Kumar Bellan from the position of Additional Director in the capacity of Managing Director, effective from the close of business hours on May 27, 2026, due to the expiry of his term and non-regularization within the prescribed time period. However, he continues to serve as the Chief Financial Officer of the company. The trading window, which was closed since April 01, 2026, will reopen 48 hours after the declaration of the financial results.

Financial Performance

The company's total revenue for FY26 stood at ₹1,075.07 lakh, up from ₹30.23 lakh in the previous year. For the quarter ended March 31, 2026, Axentra recorded a net profit of ₹127.13 lakh on a total revenue of ₹1,056.50 lakh. The profit before tax for the year was ₹112.24 lakh, compared to ₹3.50 lakh in FY25. The earnings per share (EPS) for the year improved to ₹0.57 from ₹1.17 in the previous year.

Capital Structure and Allotment

During the quarter ended March 31, 2026, the company allotted 1,00,00,000 equity shares of face value ₹10 each at an issue price of ₹20 per share (including a premium of ₹10 per share) on a preferential basis to Non-Promoter/Public Category Investors. This allotment was approved by shareholders via an Extraordinary General Meeting held on January 3, 2026. Consequently, the paid-up equity share capital increased from ₹9,70,00,000 to ₹19,70,00,000.

Auditor's Report

M Sahu & Co., Chartered Accountants, the Statutory Auditors, issued an audit report with an unmodified opinion on the standalone audited financial results for the quarter and year ended March 31, 2026. The auditors confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.