Rashi Peripherals Limited — Board Meeting, 13-01-2025: Outcome of Board Meeting

The Board of Directors of Rashi Peripherals Limited has approved an investment of up to ₹14 crores for acquiring equity shares in Satcom Info Tech Private Limited. This strategic acquisition aims to enhance their product portfolio, with Satcom expected to become a subsidiary post-acquisition. The acquisition involves purchasing 75,460 equity shares at ₹1,805 each, totaling approximately ₹136.21 crores. Additionally, the Board has sought to ratify the PRE-IPO ESOP Scheme 2022 through a Special Resolution via Postal Ballot.