RattanIndia Enterprises Limited — Important, 04-02-2025: Disclosure of material issue

RattanIndia Enterprises Limited has acquired a 100% stake in Cocoblu Quick Commerce Limited, making it a wholly owned subsidiary. Cocoblu is positioned to commence operations in the quick commerce segment through e-commerce platforms, capitalizing on India's significant online retail growth. The acquisition was conducted as an all-cash transaction for Rs. 1,00,000, acquiring 10,000 equity shares at face value of Rs. 10 each, as Cocoblu is yet to start generating revenue. Despite being categorized as a related party transaction, it was completed at arm’s length, with necessary audit committee approvals obtained. The completed acquisition may enhance RattanIndia's market presence and align with strategic growth plans. Investors should watch closely as this move could signal positive opportunities in the rapidly expanding online retail sector.