Board approves transfer of 'Fabplay' in-store music domain and IP for INR 1 crore

Board (resolution by circulation) has approved the assignment/transfer of the domain and intellectual property of the Company's in-store music business brand "Fabplay" to Audesy Mediatech Private Limited.

Thu 1 Oct 2026

Business Line Divested

In-store music business brand "Fabplay"

Buyer

Audesy Mediatech Private Limited

Consideration

INR 1 crore

Company Shareholding in Buyer

Nil

Related Party Transaction

No

What was approved

The Board of Digicontent Limited, by way of a resolution passed by circulation, approved the assignment/transfer of the domain and intellectual property associated with the Company's in-store music business run under the brand "Fabplay".

Counterparty and size

• Buyer: Audesy Mediatech Private Limited
• Consideration: INR 1 crore, subject to the terms and conditions
• Shareholding of the Company in that entity: Nil

Other terms disclosed

• No special rights such as right to appoint directors, first right to share subscription, or rights to restrict change in capital structure.
• The parties are not related to the promoter, promoter group or group companies.
• The transaction does not fall within related party transactions.
• No issuance of shares and no loan arrangement is involved.

How to read it

This is a disclosure of a binding agreement that is not in the normal course of business. It means the Company is handing over the brand assets of one of its business lines, in-store music, to an outside buyer for a fixed consideration. Investors may view it as a narrowing of the Company's activities in this segment, with the stated cash consideration as the measurable element.

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