Choice International completed the acquisition of a 100% stake in Choice Proptech Solutions Private Limited (CPSPL) on August 20, 2026. The transaction values the target at ₹6.22 crore.

The company acquired 10,000 equity shares of face value ₹10 each from its subsidiary, Choice Consultancy Services Private Limited. The deal price was ₹6,222 per share, aggregating to a total consideration of ₹6,22,20,000.

Transaction Details

This acquisition converts CPSPL from a step-down subsidiary into a direct wholly owned subsidiary of the listed entity. The transaction is classified as a related party transaction but does not qualify as a material related party transaction under Regulation 23 of the SEBI Listing Regulations. Consequently, shareholder approval was not required.

The Board of Directors and the Audit Committee approved the deal. An independent Registered Valuer determined the consideration, ensuring the transaction was conducted on an arm’s length basis.

Target Entity Profile

CPSPL operates in technology-driven real estate distribution, marketing, and advisory services. Incorporated on March 9, 2011, the entity facilitates the sale, purchase, leasing, and transfer of real estate properties across India.

Strategic Rationale

The company stated that the acquisition is part of an internal group restructuring aimed at simplifying the corporate structure and improving operational efficiency. Management confirmed there is no material impact on the business or operations of the listed entity, nor any change in its primary business activities.

No governmental or regulatory approvals were required for this transaction.

choice international has released the transcript of its earnings conference call, providing further context on its Q1 FY27 financial performance. The call was held on Tuesday, August 11, 2026, and addressed the company's unaudited standalone and consolidated results for the quarter ended June 30, 2026.

Earnings Call Details

The disclosure was made in continuation of a previous letter dated August 5, 2026. It complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 46 and other applicable regulations.

The transcript is hosted on the company's website for investor reference. Karishma Shah, Company Secretary and Compliance Officer, signed off on the communication dated August 17, 2026.

Previous Quarter Performance

In its earlier Q1 results announcement, Choice International reported a solid year-on-year performance. Revenue grew to ₹3.1B from ₹2.34B in the corresponding quarter of the previous year. Consolidated net profit rose to ₹606M from ₹480M. While absolute profitability improved, the EBITDA margin contracted to 33.83% from 35.27%, indicating that operating expenses grew at a slightly faster pace than revenues during the period.