Pro CLB Global Limited has entered into a Memorandum of Understanding (MOU) to acquire an 85% equity stake in K Globes Digital Media Private Limited. The strategic investment, valued at up to ₹20 crore, aims to expand the target company's media and digital communication business verticals. The transaction is subject to satisfactory completion of due diligence, execution of definitive agreements, and receipt of applicable regulatory approvals.

The MOU, dated June 1, 2026, outlines a two-phase acquisition strategy. In the initial phase, Pro CLB Global will acquire approximately 85% of the equity share capital of K Globes Digital Media Private Limited. Upon completion, the target entity will become a subsidiary of Pro CLB Global. The company reserves the right to increase its shareholding up to 100% in one or more subsequent phases, contingent upon mutual agreement and regulatory clearances.

Pro CLB Global proposes to invest up to ₹20 crore in phases towards the development and expansion of K Globes Digital Media Private Limited's operations. The funds will be utilized for business expansion, technology infrastructure, content development, licensing, and working capital requirements. The investment will support activities including television broadcasting, digital media platforms, content creation, business news, and corporate communication.

The business objectives of the strategic association include the development of television broadcasting and business news channels, digital media portals, and print media publications. The partnership also targets corporate communication services, digital marketing solutions, and media production. The parties intend to leverage these verticals to provide business information, financial news, and market intelligence services.

The proposed transaction remains subject to several conditions precedent. These include the completion of satisfactory due diligence, approval from the Boards of Directors and shareholders of both companies, and compliance with the Companies Act, 2013. The transaction also requires adherence to SEBI Regulations and stock exchange requirements. The MOU is primarily non-binding in nature, except for clauses relating to confidentiality, exclusivity, governing law, and dispute resolution.

Pro Clb Global Limited has scheduled a board meeting on May 29, 2026, to consider and approve the audited standalone financial results for the year ended March 31, 2026. The meeting will be held at 407, Orbit, Rajpath Rangoli Road, Beside Pandit Dindayal Upadhyay Auditorium, Bodakdev, Ahmedabad-380054.

The board will take the results on record pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to BSE Limited on May 25, 2026.

Agenda Details

The primary agenda for the meeting includes:

• Consideration and approval of the Audited Standalone Financial Result of the Company for the Year Ended on March 31, 2026.
• Any other business as may be considered necessary with the permission of the chair.

Meeting Information

The filing was signed by Hemant Shantilal Mehta, Director.