Promoter transfers 62.29% first tranche to Skybridge Interactive LLP; Acquirer acquires control

Promoter Mr. Gordhan P. Tanwani has transferred the first tranche of 3,27,00,000 equity shares (62.29% of paid-up capital) to M/s. Skybridge Interactive LLP.

Tue 6 Oct 2026

Shares Transferred

3,27,00,000 equity shares (62.29% of paid-up capital)

Transfer Price per Share

Rs. 6/- per share

Aggregate Consideration

Rs. 19,62,00,000/-

What has happened

Mr. Gordhan P. Tanwani, the promoter, has transferred 3,27,00,000 fully paid-up equity shares of face value Re. 1/- each to M/s. Skybridge Interactive LLP. This is the first tranche under a Share Purchase Agreement (SPA) dated 25th February, 2026.

The transferred shares represent 62.29% of the paid-up equity share capital and were sold at Rs. 6/- per share, aggregating Rs. 19,62,00,000/-, by way of an off-market transfer. The transfer was effected in the records of the depository on Tuesday, 6th October, 2026.

Ownership before and after

• Paid-up equity share capital: 5,25,00,000 equity shares of Re. 1/- each.
• Mr. Gordhan P. Tanwani (Promoter): 3,92,00,000 shares (74.67%) before, 65,00,000 shares (12.38%) after.
• The Acquirer: 600 shares (0.00%) before, 3,27,00,600 shares (62.29%) after. The update notes the Acquirer's holding includes 600 equity shares acquired under the Open Offer.
• Public: 1,32,91,400 shares (25.32%) before and after.

Change in control

With this transfer the Acquirer has acquired control of the company and shall be classified as a Promoter. The update states the existing Promoter/Promoter Group will continue to be shown as such until reclassified under Regulation 31A of the Listing Regulations.

What is still pending

The balance 65,00,000 equity shares, representing 12.38% of the paid-up equity share capital, are held by the promoter and shall be transferred to the Acquirer upon fulfilment of the closing conditions agreed between the promoter and the Acquirer. The company will make a further disclosure on completion of that transfer.

The reconstitution of the Board of Directors and Key Managerial Personnel will be considered by the Board at its meeting to be held on Friday, 9th October, 2026, and the outcome will be submitted separately.

How to read this

This is a change-in-control event: a new entity, Skybridge Interactive LLP, becomes a promoter holding 62.29%. A change of control is a structural event, and the update itself links it to a forthcoming reconstitution of the Board and Key Managerial Personnel. The update records what has been completed (the first tranche) and what is agreed but not yet completed (the balance 65,00,000 shares), with the outcome of the board meeting to follow separately.

Both the SPA date and the date the first tranche was effected in depository records are stated in the update.

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