Latent View Analytics Ltd has disclosed a delay in acquiring the remaining 20% stake in Decision Point Private Limited due to a disagreement over the computation of consideration payable. The company had initially aimed to complete the acquisition of 100% of the equity share capital in tranches, having already secured an 80% aggregate holding as of June 02, 2025. The delay arises from differing interpretations of clauses in the Share Purchase Agreement (SPA) regarding the consideration determination.

The disagreement specifically concerns the computation of the consideration payable to the selling shareholders as outlined in the SPA. Parties are currently engaged in discussions to resolve the matter and determine the final consideration within the existing SPA framework. The company stated that this delay was previously disclosed in its financial results for the financial year ended March 31, 2026, and was noted in the Auditors' report under the 'Emphasis of Matter' section.

Any consequential financial impact resulting from the resolution of this matter will be recognised in the company's financial statements upon finalisation. Latent View Analytics Ltd has committed to informing the stock exchanges of any material developments in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Timeline

Latent View Analytics Limited has initiated a postal ballot process to seek shareholder approval for the re-appointment of four directors, including two independent and two whole-time directors, for terms of five years. The company has engaged Central Depository Services (India) Limited to facilitate remote e-voting, allowing members to cast their votes electronically from June 20, 2026, to July 19, 2026. The notice was dispatched via email on June 19, 2026, to members registered as of the cut-off date of June 12, 2026. Newspaper advertisements regarding the notice were published on June 20, 2026, in Business Standard and Makkal Kural.

The resolutions concern the re-appointment of Mr. Reed Cundiff and Dr. R. Raghuttama Rao as Independent Directors, and Mr. A.V. Venkatraman and Ms. Pramadwathi Jandhyala as Whole-Time Directors. The independent directors are proposed for a second term effective July 23, 2026, while the whole-time directors' terms are set to commence on August 05, 2026. Mr. A.V. Venkatraman, the Whole-Time Director and Chairperson, and Ms. Pramadwathi Jandhyala, Whole-Time Director, are proposed to receive a total compensation of INR 2,10,00,000 per annum each. This package comprises a fixed compensation of INR 1,20,00,000 and a performance bonus of INR 90,00,000, subject to the achievement of revenue targets approved by the Board of Directors. Neither executive is eligible for stock options under the Employees Stock Option Plan 2016.

The independent directors, Mr. Reed Cundiff and Dr. R. Raghuttama Rao, are entitled to sitting fees of INR 1,00,000 per Board meeting and INR 50,000 per committee meeting. Their remuneration may also include a commission not exceeding 1% of the net profits for each financial year. Mr. Cundiff holds no shareholding in the company, while Dr. Rao holds 16,000 shares.

Resolutions for Re-appointment

E-Voting Schedule

The company has appointed Mr. P. Muthukumaran or Ms. Lakshmi, Partners of M/s. P. Muthukumaran and Associates, as the Scrutinizer. The results of the postal ballot will be declared within two working days from the conclusion of the remote e-voting process. The scrutinizer’s report and the voting results will be submitted to the stock exchanges and made available on the company’s website.