Choice International Limited Acquires 100% Stake in Optimo Investment Adviser for Rs 1,000

Choice International has announced the acquisition of 100% equity stake in Optimo Investment Adviser Private Limited for Rs 1,000, making it a wholly owned subsidiary. The transaction was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The acquisition involves purchasing 10,000 equity shares of Optimo Investment Adviser Private Limited at a price of Rs 0.1 per share, totaling Rs 1,000. The shares are being acquired from existing shareholders Mr. Ajay Kejriwal and Mrs. Babita Kejriwal, who are related parties of Choice International Limited.

Parameter:	Details
Target Company:	Optimo Investment Adviser Private Limited
Total Shares Acquired:	10,000
Price per Share:	Rs 0.1
Total Consideration:	Rs 1,000
Shareholding Post-Acquisition:	100%

Financial Position of Target Company

Optimo Investment Adviser Private Limited has remained operationally inactive since its incorporation. As of March 31, 2025, the company reported nil turnover and a negative net worth of Rs (98,022). The company has not generated any revenue in the last three financial years from 2022-23 to 2024-25.

Financial Metric:	Amount
Turnover (as of March 31, 2025):	Nil
Net Worth (as of March 31, 2025):	Rs (98,022)
Turnover 2022-23:	Nil
Turnover 2023-24:	Nil
Turnover 2024-25:	Nil

Strategic Objectives and Name Change

Choice International Limited plans to utilize Optimo for undertaking support services activities. The company has filed an application with the Ministry of Corporate Affairs seeking approval to change Optimo's name from "Optimo Investment Adviser Private Limited" to "Choice Unified Services Private Limited" or such other name as may be approved.

The acquisition is intended to enhance operational efficiency, optimize costs, and support group-wide activities in line with Choice International's strategic objectives. Given Optimo's current negative profitability, its valuation has been determined at Rs 1,000.

Related Party Transaction

The transaction constitutes a related party transaction as the shares are being acquired from Mr. Ajay Kejriwal and Mrs. Babita Kejriwal, who are related parties of Choice International Limited. The company has stated that the transaction is being executed on an arm's length basis, based on an independent valuation.

No governmental or regulatory approvals are required for this acquisition, and the company has not specified an indicative time period for completion of the transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.92%	-2.85%	-13.91%	-17.21%	+24.71%	+742.32%

Choice International Limited has announced the appointment of Mrs. Barnali Mukherjee as Additional Non-Executive Independent Director, effective March 27, 2026. The appointment was approved by the Board on the recommendation of the Nomination & Remuneration Committee, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosures) Requirements, 2015.

Appointment Details

Mrs. Barnali Mukherjee (DIN: 11063352) has been appointed as Additional Independent Director and will hold office until member approval within the next three months period. Following member approval, she will serve as regular Non-Executive Independent Director for five consecutive years.

Parameter:	Details
Director Name:	Mrs. Barnali Mukherjee
DIN:	11063352
Position:	Additional Non-Executive Independent Director
Appointment Date:	March 27, 2026
Initial Term:	Until member approval (within 3 months)
Regular Term:	5 consecutive years (subject to member approval)

Professional Background

Mrs. Mukherjee brings extensive regulatory and financial market expertise to the Board. She holds over 30 years of experience in finance and regulatory matters related to the securities market and is a qualified Company Secretary with a degree in Commerce.

Her career highlights include:

SEBI Tenure: Worked with Securities and Exchange Board of India from 1994 to 2024
Final Position: Retired as Chief General Manager
Key Areas: Policy making, regulation of financial markets, and ensuring compliance by companies and intermediaries
Specialized Experience: Investor issues, regulatory violations, investigations, and enforcement actions, including insider trading and market misconduct matters
Stakeholder Relations: Extensive experience working with government authorities and other regulators

Current Role and Compliance

Mrs. Mukherjee currently serves as Public Interest Director at India International Clearing Corporation (IFSC) Limited. The company has confirmed that she is not debarred from holding director office by virtue of any SEBI order or other authority, in line with Stock Exchange Circular dated June 20, 2018.

Governance Impact

With her strong background in regulation, governance, and capital markets, Mrs. Mukherjee is expected to bring valuable experience and insight to the Board and its Committees. The appointment strengthens Choice International Limited's governance framework with proven regulatory expertise and deep understanding of securities market operations.