Innovana Thinklabs Limited has approved the acquisition of a 0.30% equity stake in Mount Everest Breweries Limited for ₹3,00,00,153 to diversify its investment portfolio. The Board of Directors of Innovana Thinklabs Limited sanctioned the strategic financial investment at its meeting held on July 21, 2026. The company will subscribe to 1,36,987 equity shares at a price of ₹219 per share via cash consideration, with the transaction expected to conclude within one month.

The acquisition does not constitute a related party transaction and will not result in the transfer of control or management rights in the target entity. Mount Everest Breweries Limited is engaged in the manufacturing and marketing of beer. The investment is intended to create long-term value by allowing Innovana Thinklabs to participate in the future growth of the brewery.

Mount Everest Breweries reported a total revenue of ₹1,02,057.52 Lakhs for the financial year 2025-26. The company, incorporated on August 13, 1999, operates from its registered office in Indore, Madhya Pradesh. Its authorized share capital stands at Rs. 60,00,00,000, while the paid-up capital is Rs. 44,86,59,040.

The target entity has demonstrated consistent revenue growth over the past three years. Turnover figures for the previous financial years indicate an upward trajectory in the company's operations.

Financial Performance of Mount Everest Breweries

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vasu Ajay Anand, Company Secretary and Compliance Officer, signed the intimation submitted to the stock exchanges.

Innovana Thinklabs Limited has re-appointed Mrs. Riya Sharma as an Independent Director for a second term of five consecutive years following a postal ballot process. The special resolution received overwhelming approval from shareholders, with 99.98% of the valid votes cast in favour. This decision ensures continuity in the company's leadership structure as it moves forward with its strategic objectives.

The postal ballot process was conducted via remote e-voting, which remained open from May 22, 2026, to June 20, 2026. The cut-off date for determining shareholder eligibility was May 15, 2026. A total of 2,845 shareholders were on record as of the cut-off date. The voting results were scrutinized by Abhishek Goswami & Co., Practicing Company Secretaries, who confirmed the fairness and transparency of the process.

Voting Results Breakdown

The resolution to re-appoint Mrs. Riya Sharma (DIN: 09213476) secured the requisite majority. The detailed voting pattern across different shareholder categories highlights the broad support for the resolution.

Procedural Details

The company appointed Central Depository Services (India) Limited (CDSL) as the service provider for the remote e-voting facility. Skyline Financial Services Private Limited acted as the Registrar and Share Transfer Agents. In compliance with Ministry of Corporate Affairs (MCA) circulars, no physical ballot forms were dispatched; notices were sent electronically to 2,715 members who had registered their email addresses.

The scrutinizer's report confirmed that the electronic data and relevant records are in safe custody and will be handed over to the Company Secretary for preservation. The results of the postal ballot have been submitted to the stock exchanges and are available on the company's website.