Mehai Technology has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Hi-Tech Services Private Limited for ₹4.50 crore.

The acquisition, formalised through an agreement dated October 12, 2026, aims to expand Mehai Technology's business operations into data processing and IT-enabled services. The transaction is structured as a cash consideration deal, consolidating the target entity fully under Mehai Technology's corporate structure.

Acquisition details

The following table summarises the key details of the transaction as disclosed:

Target company profile

Hi-Tech Services Private Limited is incorporated in India with its registered office in North 24 Parganas, West Bengal. The company operates in the Information Technology (IT) and IT-Enabled Services (ITeS) sector, specifically focusing on data processing services.

Key financial and structural details of the target include:

• Paid-up capital: ₹2,80,300/- divided into 28,030 equity shares of ₹10 each.
• Turnover: Nil for the preceding three financial years (FY24, FY25, and FY26).
• Business scope: Data processing using computers, consultancy services, and dealing in computer systems and peripherals.

Strategic rationale and regulatory status

Mehai Technology stated that the acquisition is part of its business expansion and strategic objectives to exercise management control over Hi-Tech Services. The move allows the acquirer to explore opportunities in data processing and IT services.

The disclosure confirms that the acquisition does not fall within related-party transactions, and neither the promoter nor promoter group companies hold any interest in the target entity. No specific governmental or regulatory approvals were cited as prerequisites for the deal. The completion of the acquisition is subject to the fulfilment of conditions precedent and share transfer formalities outlined in the Share Purchase Agreement.

Mehai Technology Limited has formally submitted the voting results of its 13th Annual General Meeting (AGM) to the Bombay Stock Exchange. The meeting, held on September 29, 2026, saw the passage of all four ordinary resolutions proposed by the Board.

The submission complies with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated outcome was scrutinized by Ms. Ankita Dey, Practicing Company Secretary, who confirmed that all resolutions were carried out in a fair and transparent manner via remote e-voting and e-voting at the AGM.

Voting outcomes and shareholder participation

The voting process utilized facilities provided by National Securities Depository Limited (NSDL). Remote e-voting was open from September 26, 2026, to September 28, 2026. A total of 54 members attended the meeting through video conferencing. The cut-off date for determining entitlement to vote was September 23, 2026, with 24,117 shareholders on record.

The following table summarizes the voting details for the key resolutions:

Governance and attendance

The meeting commenced at 1:00 pm and concluded at 1:53 pm. The requisite quorum was present, and the Annual Report was taken as read with member consent. No queries were raised by members during the open forum.

The following directors and key managerial personnel were present:

• Jugal Kishore Bhagat (Managing Director)
• Rekha Bhagat (Director)
• Rekha Devi Bhagat (Director)
• Adity Maity (Independent Director)
• Rajendra Kumar Mallick (Independent Director)
• Nirmalya Sircar (Professional Director)
• Prabir Kundu (Independent Director)
• Akash Tak (Independent Director)
• Sandipan Lai (Company Secretary and Compliance Officer)
• Dilip Kumar Duari (Chief Financial Officer)

Audit and compliance updates

Members approved the appointment of M/s. S. K. Basu & Co, Chartered Accountants, Kolkata, as Statutory Auditors for a term of five consecutive years. Additionally, M/s. Ankita Dey & Associates, Practicing Company Secretaries, were appointed as Secretarial Auditors for the period from FY27 to FY31. The Secretarial Auditor expressed an unqualified opinion on the audit reports for the financial year 2025-26.