Moschip Technologies Limited (MOSCHIP) — Board Meeting Announcement
Moschip Technologies announced an EGM on May 12, 2026, to approve a special resolution for issuing 5,050,686 equity shares at ₹192 per share (₹190 premium) to Vayavya Labs shareholders as part of the ₹148.52 crore cash and stock consideration for acquiring a 73% stake in Vayavya Labs. The transaction, valued at ₹96.97 crore, includes 9 patents, Tier-1 client relationships, and recurring revenue from turnkey contracts, aiming to expand Moschip's scale and technology capabilities. Shareholders will vote remotely via e-voting platforms with strict compliance to SEBI and regulatory requirements.
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About Moschip Technologies Limited (MOSCHIP)
Information Technology · IT - Hardware · Listed on NSE
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