SIS LIMITED — Important, 14-01-2025: General Updates

SIS Limited has made an additional investment of INR 70 crore in Agarsha Senior Care Private Limited through the subscription of Compulsorily Convertible Preference Shares (CCPS) as part of a rights offer. This investment allows SIS to acquire 43,868 CCPS at INR 158.33 each, bringing its total shareholding in Agarsha to approximately 4%. Agarsha operates as an integrated elder care platform with two primary services: Emoha, which provides comprehensive in-home elder services, and Epoch, focusing on dementia care and assisted living. The company's revenue for FY24 was INR 53.68 crore, showcasing significant growth from INR 27.5 crore in FY23 and INR 17.1 crore in FY22. This strategic investment aligns with SIS Ventures' focus on technology-enabled companies that enhance value for their customer base in the security and facility management sectors, indicating a positive outlook for future synergies and growth opportunities.