Milgrey Finance & Investments has adjourned its Board of Directors meeting to Tuesday, September 8, 2026. The company had previously rescheduled the session from September 3 to September 4.

The decision to postpone was taken by the Chairman with the consent of all directors present during the meeting held on September 4. This update supersedes earlier intimations regarding the September 3 and September 4 dates.

Updated Agenda

The rescheduled meeting will focus on finalizing logistics for the company’s upcoming annual general meeting. Key items for consideration include:

• Fixing the date, time, and venue for the 43rd Annual General Meeting.
• Approving book closure dates for shareholders eligible to attend.
• Reviewing and approving the Director’s report and its annexures.
• Transacting other incidental matters with the Chairperson’s permission.

This intimation was issued pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015. The details are available on the company’s website.

Milgrey Finance & Investments has approved the acquisition of a 60% equity stake in Fidus Parkland Pvt Ltd for a consideration of ₹49.80 crore. The transaction, executed through a share swap arrangement, marks the company’s entry into the real estate sector.

The Board of Directors approved the proposal during its meeting held on August 21, 2026. The acquisition is based on a current valuation of ₹83 crore for the target entity. The share swap ratio will be determined by the Board in due course, guided by independent valuation reports and fairness opinions.

Transaction Details

Fidus Parkland Pvt Ltd is engaged in the real estate business. Milgrey aims to diversify its business activities through this strategic move. The company stated that no governmental or regulatory approvals are required for the acquisition.

The transaction is not classified as a related-party transaction, and the promoter group has no interest in the target entity. The deal is structured at arm's length.

What the Numbers Show

The acquisition cost of ₹49.80 crore represents approximately 60% of the target’s stated valuation of ₹83 crore, aligning directly with the equity stake being acquired. This indicates a straightforward valuation-based pricing mechanism without significant premium or discount adjustments disclosed in the filing.