Ladderup Finance Limited has announced a strategic acquisition through its subsidiary, marking a significant expansion in the financial services sector. The company's subsidiary, Ladderup Asset Managers Private Limited (LAMPL), has entered into a Share Purchase Agreement to acquire Jericho Ventures Private Limited for Rs. 14 crores.

Transaction Details

The acquisition agreement was signed on 14th April, 2026, with LAMPL acquiring 100% of the paid-up equity shares in Jericho Ventures Private Limited (JVPL). The transaction involves a cash consideration of Rs. 14,00,00,000 (Rupees Fourteen Crores Only) to be paid through banking channels.

Upon completion of the transaction, JVPL will become a wholly-owned subsidiary of LAMPL and consequently a step-down subsidiary of Ladderup Finance Limited.

About Jericho Ventures

Jericho Ventures Private Limited is a Mumbai-based boutique financial services firm incorporated on 23rd June 2016. The company specializes in delivering institutional-grade, bespoke financial solutions to affluent individuals and high net worth individuals (HNIs). The target company has a paid-up capital of Rs. 1,17,660 divided into 11,766 shares of Rs. 10 each.

Financial Performance

Jericho Ventures has demonstrated consistent growth in its financial performance over the past three years:

The company's turnover as of 31st March 2025 stands at Rs. 2,33,66,920, showing steady growth trajectory.

Strategic Rationale

The acquisition aligns with Ladderup Finance's strategy to expand its business operations through its subsidiary company. The transaction is not classified as a related party transaction, and no governmental or regulatory approvals are required for completion. This acquisition strengthens the company's presence in the financial services sector, particularly in serving affluent clients and HNIs through specialized financial solutions.

The company has informed BSE Limited about this acquisition in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ladderup Finance Limited has officially confirmed to BSE Limited that it does not fulfill the criteria for classification as a 'Large Corporate' under the Securities and Exchange Board of India (SEBI) regulatory framework. The confirmation was submitted as part of mandatory compliance requirements outlined in multiple SEBI circulars.

Regulatory Compliance Framework

The company's confirmation addresses compliance with three key SEBI circulars that establish the Large Corporate classification framework. These include SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated as on April 13, 2022), and SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Financial Position Details

The company provided specific financial information to support its non-Large Corporate status confirmation:

Compliance Significance

The outstanding borrowings of Rs. 23.44 crore as on March 31, 2026, indicate that Ladderup Finance Limited falls below the threshold requirements that would classify it as a Large Corporate under SEBI regulations. The company has designated BSE Limited as the stock exchange where any potential fines would be paid in case of shortfall in required borrowing under the regulatory framework.

Corporate Information

Ladderup Finance Limited, incorporated in 1993, operates from its registered and corporate office located at Hallmark Business Plaza in Bandra (East), Mumbai. The confirmation was signed by Garima Sarda, Company Secretary & Compliance Officer, and submitted on April 10, 2026, ensuring adherence to regulatory timelines and transparency requirements.