Elpro International Limited has completed the acquisition of equity shares in Mynd Solutions Private Limited for ₹11.37 crores, as disclosed in a regulatory filing dated February 27, 2026. The transaction involves the purchase of 1,66,442 equity shares through cash consideration, marking Elpro International's entry into the fintech sector.

Target Company Profile

Mynd Solutions Private Limited operates as an RBI-licensed entity responsible for running a Trade Receivables Discounting System (TReDS) platform called "M1xchange." The company was incorporated on December 1, 2002, and has established itself as a significant player in India's invoice discounting and supply-chain finance market.

Financial Performance

Mynd Solutions has demonstrated strong financial growth over the past three years. The company's consolidated turnover for FY 2024-25 reached ₹104.70 crores, comprising revenue from operations and other income.

Business Operations

M1xchange functions as an online marketplace that enables Micro, Small, and Medium Enterprises (MSMEs) to discount approved invoices raised on large corporates. The platform allows banks and Non-Banking Financial Companies (NBFCs) to bid for financing these receivables, facilitating working capital liquidity and supply-chain finance solutions at scale.

Mynd Solutions operates as a fintech and business services company, providing enterprise and financial process solutions alongside its core TReDS platform operations. The company bears full regulatory, governance, and compliance obligations for the M1xchange platform under India's regulatory framework.

Transaction Details

The acquisition represents a fresh investment by Elpro International, as the company had no previous shareholding in Mynd Solutions. The transaction does not fall under related party transactions, and no governmental or regulatory approvals are required for completion.

The strategic acquisition aligns with Elpro International's investment objectives and provides exposure to India's growing digital finance ecosystem through Mynd Solutions' established TReDS platform operations.

Elpro International Limited has acquired equity shares in Aptus Value Housing Finance India Limited for INR 7.89 crores, marking a strategic investment in the housing finance sector. The company disclosed this acquisition under Regulation 30 of the SEBI Listing Regulations on February 23, 2026.

Acquisition Details

The transaction involves the purchase of 3,23,758 equity shares through cash consideration, representing a fresh acquisition with no previous holding in Aptus Value Housing Finance.

About Aptus Value Housing Finance

Aptus Value Housing Finance India Limited operates as a specialized housing finance company, incorporated on December 11, 2009. The company focuses on addressing the housing finance needs of self-employed individuals belonging to low and middle-income families, primarily in semi-urban and rural markets.

Financial Performance Overview

Aptus Value Housing Finance has demonstrated consistent growth in its consolidated turnover over the past three financial years:

Transaction Structure

The acquisition does not fall within related party transactions, and the promoter/promoter group/group companies have no interest in the entity being acquired. The transaction represents Elpro International's diversification into the housing finance industry, which operates outside its main line of business.

Key transaction characteristics include:

• No governmental or regulatory approvals required
• Arms-length transaction with no related party involvement
• Strategic investment in India's housing finance sector
• Target company maintains presence exclusively in India

Strategic Implications

This acquisition allows Elpro International to gain exposure to India's growing housing finance market through Aptus Value Housing Finance, which has established a strong presence in serving underbanked segments of the population. The target company's focus on semi-urban and rural markets aligns with the expanding financial inclusion initiatives in India's housing sector.