Novus Loyalty Limited concluded its Extra Ordinary General Meeting (EGM) on September 3, 2026. The session took place at the company’s registered office in Gurugram.

The meeting commenced at 4:00 pm and concluded at 5:00 pm on the same day. It was organized in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Meeting Details

The EGM was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the proceedings adhered to all applicable regulatory guidelines.

This intimation has been published on the company’s website for reference.

Novus Loyalty has signed a term sheet to acquire up to 80.87% stake in AutoPe Payment Solutions Limited for an aggregate equity valuation of ₹130 crore on a fully diluted basis. The deal was announced on August 31, 2026.

Deal at a glance

The following table summarises the key parameters of the proposed transaction:

Transaction overview

Through this agreement, Novus Loyalty is set to become a majority stakeholder in AutoPe Payment Solutions Limited. The transaction is intended to support strategic growth, business expansion, and operational synergies. It does not constitute a related party transaction and is proposed to be undertaken at arm’s length.

The acquisition will be implemented in tranches. The first tranche is targeted for completion via a definitive Share Purchase Agreement, with the balance stake expected to be acquired within approximately 10 months. The deal is subject to due diligence, statutory and regulatory approvals, and approval by the Board of Directors and shareholders.

Consideration will be discharged through cash, based on the ₹130 crore aggregate equity valuation. This implies an aggregate consideration of approximately ₹105.13 crore for the 80.87% stake being acquired.

Target financials

AutoPe operates in the fintech payment solutions sector in India. The table below outlines its financial performance for the last three fiscal years:

What the Numbers Show

AutoPe’s revenue from operations grew from ₹44.85 crore in FY 2022-23 to ₹62.10 crore in FY 2024-25, reflecting consistent top-line expansion. Concurrently, cash and bank balances surged from ₹7.57 crore to ₹39.40 crore over the same period, indicating strong liquidity accumulation alongside revenue growth.