Polyplex Corporation Limited has successfully completed its strategic acquisition of TechNova Printrite Products Private Limited, marking a significant milestone in the company's expansion strategy. The transaction, finalized on April 30, 2026, represents a substantial investment in strengthening Polyplex's market position.

Transaction Details

The acquisition encompasses a controlling 51% stake in TechNova Printrite Products Private Limited (TPPPL), establishing Polyplex's majority ownership in the target company. The transaction structure and key parameters are outlined below:

Legal Framework and Documentation

The acquisition was executed through comprehensive legal documentation signed on March 25, 2026. The transaction involved two primary agreements:

• Share Purchase Agreement: Governing the acquisition terms and post-closing adjustments
• Shareholders' & Rights Agreement: Defining governance and operational frameworks

These Transaction Documents included specific conditions precedent that required fulfillment before the closing date. All such conditions have been successfully met, enabling the completion of the acquisition.

Regulatory Compliance

Polyplex Corporation Limited disclosed the transaction completion under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015. The disclosure follows the company's earlier intimation dated March 25, 2026, ensuring full regulatory compliance and transparency.

The company formally notified both BSE Limited and the National Stock Exchange of India Limited about the completion of the acquisition. Company Secretary Ashok Kumar Gurnani signed the official disclosure document, which was also posted on the company's website at www.polyplex.com .

Strategic Impact

With the successful completion of this acquisition, TechNova Printrite Products Private Limited has officially become a subsidiary of Polyplex Corporation Limited. This development expands Polyplex's operational footprint and strengthens its position in the market. The investment of approximately ₹6,209.75 lakhs demonstrates the company's commitment to strategic growth through targeted acquisitions.

The transaction amount remains subject to post-closing adjustments as specified in the Share Purchase Agreement, ensuring fair valuation based on final closing conditions and agreed parameters.

Polyplex Corporation Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The submission, made on April 10, 2026, demonstrates the company's adherence to regulatory requirements for equity share dematerialization processes.

Regulatory Compliance Submission

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited. Company Secretary Ashok Kumar Gurnani signed and submitted the compliance documentation to fulfill the quarterly reporting obligations.

KFIN Technologies Confirmation

KFIN Technologies Limited, serving as the company's Registrar and Transfer Agent, provided the compliance certificate confirming proper handling of dematerialization requests. S R Ramesh, DVP Corporate Registry at KFIN Technologies, certified the company's adherence to regulatory timelines and procedures.

The registrar confirmed completion of the following processes during the quarter:

• Demat Request Processing: All dematerialization requests were confirmed within 15 days of receipt from depository participants
• Listing Verification: Securities comprised in certificates were confirmed as listed on appropriate stock exchanges
• Certificate Cancellation: Physical security certificates were properly mutilated and cancelled after verification
• Register Updates: Depository names were substituted in the register of members as registered owners for approved requests

Operational Framework

The compliance certificate represents standard quarterly reporting under SEBI regulations, ensuring transparency in the dematerialization process for equity shareholders. KFIN Technologies maintains operations from its Hyderabad center while maintaining its registered office in Mumbai, providing comprehensive registry services for listed companies.

This regulatory submission maintains Polyplex Corporation's compliance status with SEBI requirements, supporting continued trading of its equity shares on both major Indian stock exchanges.