SoftTech Engineers Limited has announced the cancellation of its proposed acquisition of Eximietas Developer Private Limited (EDPL), citing difficulties in completing the Share Purchase Agreement. This development comes after the initial announcement of the acquisition on September 30, 2025.

Key Details of the Termination

Regulatory Compliance

SoftTech Engineers Limited has duly informed the National Stock Exchange of India Limited and BSE Limited about this development, in accordance with Regulation 30(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Statement

In its official communication, SoftTech Engineers stated, "It is hereby informed that due to difficulties in completing the Share Purchase Agreement the Company has decided not to proceed with the said acquisition and has consequently terminated the Share Purchase Agreement (SPA) and Memorandum of Understanding (MOU) which shall stand cancelled."

The company emphasized that the cancellation of the proposed acquisition does not entail any financial liability on SoftTech Engineers Limited.

This termination marks a significant shift in SoftTech Engineers' strategic plans, which were initially set in motion less than a month ago. The company's decision to withdraw from the acquisition underscores the complexities involved in corporate transactions and the importance of thorough due diligence in the merger and acquisition process.

Investors and market watchers will likely be keen to observe how this development might impact SoftTech Engineers' future growth strategies and potential alternative paths for expansion the company might explore.

SoftTech Engineers Limited, a prominent player in the engineering and technology sector, has made a significant move to expand its footprint in the real estate development arena. The company's Board of Directors has approved the acquisition of Eximietas Developer Private Limited (EDPL), a firm specializing in property development activities both nationally and internationally.

Strategic Acquisition Details

The acquisition, approved on September 17, 2025, was formalized with the execution of an agreement on September 30, 2025. This strategic move is set to bolster SoftTech Engineers' capabilities in the property development sector and open up new avenues for growth.

Key Highlights of the Acquisition

• Complete Ownership: SoftTech Engineers will acquire 100% stake in EDPL, making it a wholly-owned subsidiary.
• Strategic Location: EDPL has secured lease rights for a prime location in Hinjewadi Phase III, offering SoftTech Engineers access to a well-connected and future-ready site.
• Corporate Business Excellence Centre: The acquisition will enable SoftTech to establish a Corporate Business Excellence Centre, aligning with its long-term growth strategy.
• Completion Timeline: The acquisition is expected to be completed by the end of December 2025.

About Eximietas Developer Private Limited

Implications for SoftTech Engineers

This acquisition marks a significant step for SoftTech Engineers in diversifying its business interests and expanding its presence in the real estate development sector. The move is expected to leverage EDPL's strategic lease rights and SoftTech's technological expertise to create synergies in property development.

Shalaka Khandelwal, Company Secretary and Compliance Officer of SoftTech Engineers Limited, confirmed that the acquisition does not fall under related party transactions and does not require any governmental or regulatory approvals.

As SoftTech Engineers embarks on this new venture, stakeholders will be keenly watching how this strategic acquisition unfolds and contributes to the company's growth trajectory in the coming years.