Identixweb Ltd has approved the acquisition of an additional 20.04% stake in its subsidiary, Munim ERP Private Limited, for a total consideration of ₹1,223.48 Lakh. The transaction aims to rationalize the debt structure of the subsidiary and involves the conversion of an inter-corporate loan into equity. The acquisition is classified as a related party transaction and is being conducted on an arm’s length basis based on a valuation report from a registered valuer.

The board approval covers the subscription of 6,693 equity shares of ₹10 each. Following the acquisition, Identixweb will increase its shareholding in Munim ERP Private Limited. The company intends to complete the transaction within 30 days. No specific governmental or regulatory approvals are required for this acquisition.

Munim ERP Private Limited, located in Surat, specializes in accounting and GST compliance software, focusing on Enterprise Resource Planning (ERP) solutions. The entity was incorporated on June 8, 2022. As per the audited financial statements as on March 31, 2026, the target entity reported a turnover of ₹196.06 Lakhs and a negative net worth of ₹310.19 Lakhs.

The transaction involves promoters of Identixweb Ltd, including Mr. Priyankkumar Jivrajbhai Savani and Mr. Ankur Jagdishbhai Lakhani, who also serve as directors on the board of Munim ERP Private Limited. The authorized capital of the target entity is ₹1,00,000, divided into 10,000 equity shares of ₹10 each, with a process underway to increase this capital.

Financial Performance of Munim ERP Private Limited

The subsidiary has demonstrated significant revenue growth over the past three fiscal years.

iDentixweb Limited [ https://scanx.trade/company/identixweb-ltd] shareholders have approved proposals to enter into material related party transactions and provide loans or guarantees to Munim ERP Private Limited. The resolutions were passed via a remote e-voting process that concluded on June 9, 2026, under Section 110 of the Companies Act, 2013 and Regulation 44 of the SEBI (LODR) Regulations, 2015.

The Board of Directors had decided on May 08, 2026, to seek member consent for two specific items. The first item sought approval for material related party transactions between the company and Munim ERP Private Limited. The second item authorized the advancement of loans, provision of guarantees, or security to Munim ERP Private Limited under Section 185 of the Companies Act, 2013, or other entities where directors are deemed interested.

In compliance with Ministry of Corporate Affairs circulars and SEBI regulations, the company utilized only remote e-voting facilities managed by National Securities Depository Limited (NSDL). The voting period commenced on May 11, 2026, at 09:00 A.M IST and concluded on June 9, 2026, at 05:00 P.M IST. Shareholders holding shares in physical or demat form who had not registered email addresses were required to provide details such as PAN and Aadhaar to participate.

M/s. Hardik Jetani & Associates, Practicing Company Secretaries, were appointed as the Scrutinizer to ensure the voting process was conducted fairly. The Scrutinizer was tasked with unblocking votes and submitting a consolidated report to the Chairman by June 11, 2026. The results of the postal ballot will be communicated to BSE Limited and made available on the company’s and NSDL’s websites.

Key Dates and Process