Rashi Peripherals Limited has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of ₹368.50 crore. The transaction values the Mumbai-based enterprise technology firm at ₹550 crore, marking a strategic move by Rashi Peripherals to expand from ICT distribution into integrated technology solutions and services. This acquisition enables the company to deliver the full spectrum of enterprise technology value — from distribution to the deployment of complex IT architectures — capitalizing on the growing demand for cloud infrastructure, cybersecurity, and AI-enabled IT environments.

VDA Infosolutions: Financial Performance

VDA Infosolutions, established in 2010, operates across 140+ locations with a team of 1,000+ professionals. The company is an authorized partner for global technology leaders including IBM, Dell Technologies, Broadcom, Cisco, and Palo Alto Networks. Notably, VDA has reported revenue growth of 25-30% over the past three years, with a PAT margin ranging from 4-5%, reflecting a well-established and consistently expanding enterprise technology services business. Its provisional financials for the year ended March 31, 2026, are as follows:

The acquisition is not a related party transaction, and no promoter or group companies hold any interest in the target entity.

Acquisition Structure

The deal is structured as a staggered purchase. The initial 67% tranche has been closed upfront, while the remaining 33% stake will be acquired in three equal annual tranches of 11% each. The full 100% acquisition is expected to be completed by August 2029. The timeline for subsequent tranches is as follows:

Strategic Rationale and Outlook

Global M&A advisory firm Singhi Advisors acted as the exclusive strategic and financial advisor to Rashi Peripherals on this transaction. The acquisition is expected to boost the company's overall profit margins and mark its formal entry into the technology services sector. The company's management highlighted that the partnership combines Rashi Peripherals' distribution reach and OEM relationships with VDA's technical expertise and recurring-revenue services engine. This integration is expected to strengthen Rashi Peripherals' position in the enterprise business, leveraging the projected growth in India's digital infrastructure sector.

Rashi Peripherals Limited will convene a board meeting on June 23, 2026, to evaluate potential opportunities for acquisitions and investments. The board's deliberations will focus on strategic growth initiatives and matters connected therewith, which could significantly alter the company's business scale.

Any decision arising from this meeting will be contingent upon a detailed evaluation process. The company stated that final approvals must comply with applicable laws and regulations, ensuring that all procedural and statutory requirements are met before execution.

Arvind Bajoria, Company Secretary and Compliance Officer, signed the intimation sent to the stock exchanges. The communication was addressed to the Listing Operations Department of BSE Limited and the Listing Compliance Department of The National Stock Exchange of India Limited.

The meeting notice confirms that the board is actively exploring avenues for expansion. However, the specific targets or financial details of the potential acquisitions and investments have not been disclosed in this intimation.