IKIO Technologies Limited — Important, 07-01-2025: General Updates

Ritech Holdings Limited, a step-down subsidiary of IKIO Lighting Limited, has entered into a Joint Venture Agreement with AG Investment Holdings Limited and a director, Jaspreet Singh Pal, along with Royalux FZCO in the UAE. This strategic move aims to accelerate business growth by leveraging AG Investments’ established network, enhancing access to a broader customer base for their products.

Under the agreement, Ritech Holdings will manage a 51% stake in Royalux FZCO, with AG Investment holding 40% and Jaspreet Singh Pal holding 9%, which includes 5% as sweat equity. The joint venture establishes governance structures, allowing Ritech to appoint two directors and AG Investment the same, with Ritech's nominee serving as the chairperson. Notably, any changes in capital structure will require mutual consent, marking a disciplined approach to future growth. This joint venture positions IKIO Lighting Limited for potential growth opportunities, reflecting a positive outlook on expanding market reach.