Info Edge (India) has completed its disinvestment from investee company Skyserve Inc. The transaction involves the repurchase of its entire 5.55% stake by Skyserve for $55.55.

Transaction details

The deal was approved by the Board of Directors of Redstart Labs (India) Ltd, a wholly-owned subsidiary of Info Edge, on August 27, 2026. Redstart held 555,556 Series Pre-Seed Preferred Stock in Skyserve, representing 5.55% of the total shareholding on a fully converted and diluted basis.

Upon completion of this repurchase, Info Edge, through Redstart, ceases to hold any securities in Skyserve. The Repurchase Agreement is expected to be entered into within one week of approval, with completion anticipated by September 26, 2026.

Skyserve provides an Insights-as-a-Service platform enabling satellite-based edge computed insights for core industries. The company was incorporated on April 5, 2021. The buyer in this repurchase transaction is not related to the promoter or promoter group of Info Edge.

The transaction is not classified as a related party transaction and is being carried out at an arm's length basis. As Skyserve's financial statements are not consolidated with those of Info Edge, it does not contribute to the consolidated financial results of the listed entity. Consequently, metrics such as turnover, revenue, income, and net worth contributed by Skyserve are not applicable.

Info Edge (India) Limited shareholders approved all resolutions at its 31st annual general meeting held on August 25, 2026. The key outcome was the ratification of a ₹3.60 final dividend per equity share for FY26, confirming total payouts alongside two interim dividends of ₹2.40 each already paid.

The meeting, conducted via video conferencing from New Delhi, also addressed board composition. Shareholders voted to re-appoint Mr. Kapil Kapoor as a director retiring by rotation. Additionally, Ms. Radha Rajappa and Mr. Rajesh Magow were appointed as non-executive, independent directors through special resolutions.

Voting Results

The scrutinizer’s report indicated near-unanimous support for most agenda items. The adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, received 100% approval. Similarly, the dividend resolution passed with unanimous backing from voting shareholders.

What the Numbers Show

While promoter and promoter group holdings accounted for 100% participation in voting across all resolutions, public institutional investors showed high engagement rates exceeding 92% on most items. However, public non-institutional shareholders participated at a significantly lower rate of approximately 25%, indicating that retail voting power remains concentrated among a smaller subset of active participants despite the remote e-voting facility.

Governance and Compliance

The voting process was scrutinized by M/s. Chandrasekaran Associates under Section 108 of the Companies Act, 2013. National Securities Depository Limited (NSDL) facilitated the electronic voting platform. The record date for determining voting eligibility was August 18, 2026. No invalid votes were recorded for any of the six resolutions considered during the assembly.