Richa Info Systems Limited — Important, 01-01-2025: Updates

The company has received communication from Mr. Kunjit Maheshbhai Patel, a shareholder of Roopyaa Tradebizz Limited, expressing his withdrawal from the proposed share swap with Richa Info System Limited. Consequently, the company has decided to withdraw the related agenda item from the Extra Ordinary General Meeting held on October 1, 2024. This item pertained to the issuance of 2,700,000 equity shares to Mr. Patel as part of the consideration for acquiring 512,882 equity shares, which represented a 16.76% stake in Roopyaa Tradebizz Limited. This development could impact the company's strategic positioning and reflects an ongoing adjustment in its acquisition strategies. Investors should remain alert to further implications of this withdrawal.