Emiac Technologies Limited has approved the acquisition of 100% equity share capital of Emiac Inc., a newly incorporated entity in the United States. The move establishes a localized corporate presence in the US to capture global customer demand and streamline international business operations.

The Board of Directors approved the subscription to the equity share capital of Emiac Inc., a corporation incorporated under the laws of the State of Delaware, on September 25, 2026. Upon completion of the subscription and allotment, Emiac Inc. will become a wholly owned subsidiary of the company.

Acquisition Details and Financials

The acquisition involves a cash consideration remitted from India to the US subsidiary's bank account. The total cost is $100, representing 10,000,000 shares of common stock at a par value of $0.00001 per share. As the entity was incorporated on September 15, 2026, it has no historical turnover or operational history.

Strategic Rationale and Operations

The primary objective of this acquisition is to establish a foothold in the US market to support the delivery of SEO, e-commerce microservices, and ad analytics workflows. The industry classification for the target entity is Information Technology (IT), specifically focusing on e-commerce software infrastructure, SEO automation, and digital advertisement data analysis.

Regulatory and Compliance Status

No prior governmental or regulatory approval is required for this transaction. The investment is proposed to be made under the Automatic Route in accordance with the Foreign Exchange Management (Overseas Investment) Rules, 2022 and applicable regulations issued by the Reserve Bank of India. The company will submit requisite Form FC documents to an Authorised Dealer Category-I Bank to obtain the Unique Identification Number (UIN) and complete ODI reporting formalities.

The subscription will be made at the stated par value, and none of the promoters, promoter group, or group companies have any interest in Emiac Inc. other than the company's proposed 100% shareholding. Consequently, upon completion, Emiac Inc. will be treated as a related party.

Emiac Technologies has informed the Bombay Stock Exchange that its Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026. This closure is in connection with the company's 10th Annual General Meeting scheduled for September 28, 2026.

The meeting will be conducted via video conferencing to transact ordinary and special business. The intimation was issued on September 10, 2026, by Shivani Gupta, Company Secretary & Compliance Officer.

Agenda Highlights

The primary focus of the meeting includes the approval of financial statements for FY26 and key governance appointments. Shareholders will vote on the re-appointment of Mr. Shivam Bhateja as a director liable to retire by rotation.

Board Appointments

The board seeks shareholder approval to regularize the appointment of Mr. Archit Wadhwa as a Non-Executive Independent Director. He was initially appointed as an Additional Director on May 27, 2026, and holds office until this meeting. The proposed term is five consecutive years.

Mr. Wadhwa brings over nine years of experience in the software industry, specializing in backend development and data platforms. He holds a B.Tech in Computer Science and Engineering.

Secretarial Audit

The company proposes appointing M/s APNS and Associates (FRN: P2022UP094000) as its secretarial auditor. The appointment covers a five-year term from FY27 to FY31. Remuneration will be mutually agreed upon between the board and the auditors.

Voting Details

Remote e-voting opens on September 25, 2026, at 9:00 am and closes on September 27, 2026, at 5:00 pm. The record date for voting eligibility is September 21, 2026. National Securities Depository Limited (NSDL) facilitates the e-voting process.