Info Edge (India) Limited has successfully completed a significant corporate restructuring transaction involving its wholly-owned subsidiary and portfolio companies. The transaction, executed on February 19, 2026, represents a strategic realignment of the company's investment portfolio in the agri-tech sector.

Transaction Structure and Financial Details

The transaction involves two key components executed by Startup Investments (Holding) Limited (SIHL), Info Edge's wholly-owned subsidiary. The deal structure demonstrates a comprehensive approach to portfolio optimization and strategic investment.

Shareholding and Corporate Structure

The transaction results in a strategic shareholding arrangement that positions SIHL as a significant stakeholder in Unnati. The shareholding structure reflects careful planning for future corporate actions.

Settlement Mechanism

The transfer of Gramophone shares to Unnati has been structured as a share-for-share transaction. SIHL received 49,145 preference shares of Unnati valued at INR 18,661 per share in full and final settlement for the Gramophone stake transfer. This mechanism ensures seamless transition while maintaining strategic alignment between the entities.

Associate Company Status and Future Plans

Following the transaction, Unnati qualifies as SIHL's associate company due to the 20.53% shareholding. This status will continue until the completion of the planned merger between Gramophone and Unnati. The merger is expected to result in all Gramophone shareholders becoming Unnati shareholders, which will dilute SIHL's stake to 18.48%.

Regulatory Compliance and Timeline

The transaction was initially approved by Info Edge's Board of Directors on January 3, 2026, and completed on February 19, 2026, at 12:53 p.m. IST. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.

Info Edge (India) Limited has submitted its quarterly compliance statement to stock exchanges, confirming no deviation in the utilization of funds raised through its Qualified Institutional Placement (QIP) for the quarter ended December 31, 2025. The statement was filed with both NSE and BSE on February 13, 2026, in compliance with SEBI regulations.

QIP Fund Utilization Overview

The company's QIP fund utilization details demonstrate disciplined financial management since the fund raising in August 2020:

The net allocation of ₹18,290.32 million reflects the total raised amount minus expenses of ₹459.68 million paid in relation to the QIP process.

Regulatory Compliance and Governance

The NIL deviation statement was thoroughly reviewed by the company's Audit Committee and subsequently noted by the Board of Directors at their respective meetings held on February 13, 2026. Both the Audit Committee and auditors confirmed there is no deviation or variation in fund utilization from the originally stated objectives.

Company Secretary and Compliance Officer Jaya Bhatia signed the compliance document, ensuring adherence to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Utilization Strategy

The original QIP proceeds were designated for augmenting long-term cash resources to meet fund requirements for business activities and general corporate purposes as part of the company's growth strategy. The management maintains flexibility in deploying the net proceeds, subject to Audit Committee review and Board decisions.

Pending full utilization, the company continues to invest unused funds in creditworthy instruments including money market instruments, mutual funds, and deposits with banks and corporates, in accordance with Board-approved investment policies and applicable laws.

Corporate Details

Info Edge (India) Limited trades on NSE under the symbol NAUKRI and on BSE with scrip code 532777. The compliance statement was signed by Interim CFO Ambarish Raghuvanshi, demonstrating the company's commitment to transparent financial reporting and regulatory adherence.