RPSG Ventures Limited has announced the successful divestment of its entire investment in three portfolio entities. The company completed the sale of its holdings in Incnut Digital Private Limited, Momjunction Private Limited, and Incnut Stylecraze Private Limited on May 21, 2026. This strategic move follows Share Purchase Agreements (SPAs) entered into on May 7, 2026, with specific buyers for the transfer of Compulsory Convertible Preference Shares (CCPS).

Transaction Details

The sale involved the transfer of CCPS which were converted into Equity Shares at a 1:1 ratio prior to the transfer. The total transaction value across all three entities aggregated to ₹12.52 crore. The buyers, Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravartin Nallan, acquired the shares in individual tranches. The company confirmed that these buyers do not belong to the promoter or promoter group, and the transaction does not qualify as a related party transaction, slump sale, or merger.

Breakdown of Sale

The following table outlines the specific number of shares sold and the consideration received for each entity:

Regulatory Disclosures

The intimation regarding the agreement was initially submitted to the exchanges on May 7, 2026. Subsequently, the company confirmed the completion of the sale to the National Stock Exchange of India Limited and BSE Limited on May 21, 2026. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

RPSG Ventures Limited has commenced the remote e-voting process for shareholder resolutions regarding the appointment of Mr. Sudip Kumar Ghosh as a Director and Whole-time Director. Managed by National Securities Depository Limited (NSDL), the voting period began on Thursday, May 21, 2026, at 9:00 A.M. IST and will conclude on Friday, June 19, 2026, at 5:00 P.M. IST.

The company has established Friday, May 15, 2026, as the record date to determine member eligibility. Only those members whose names appear in the Register of Members or Register of Beneficial Owners as of this cut-off date are entitled to cast their votes. The postal ballot notice was dispatched electronically on Wednesday, May 20, 2026, to all eligible members.

Resolutions for Approval

The postal ballot notice outlines two items of special business. The first resolution seeks the appointment of Mr. Sudip Kumar Ghosh as a Director liable to retire by rotation. The second resolution requests approval for his appointment as a Whole-time Director for a period of three consecutive years effective from April 1, 2026. The Board of Directors recommended these appointments based on the advice of the Nomination and Remuneration Committee.

Financial Performance and Remuneration

The company disclosed its financial performance for the fiscal years 2024-25 and 2023-24, indicating growth in total income and profitability.

The proposed remuneration for Mr. Ghosh includes a salary of ₹0.70 crore per annum and perquisites of approximately ₹1.54 crore per annum. He may also be entitled to bonuses and incentives as decided by the Committee and the Board.

Voting and Scrutiny Details

Mr. Manoj Prasad Shaw, Practicing Company Secretary, has been appointed as the Scrutinizer. The results will be declared within two working days of the conclusion of e-voting and will be communicated to the National Stock Exchange of India Limited and BSE Limited. The results will be available on the company’s website and the NSDL e-voting portal.