Focus Lighting and Fixtures Limited — Board Meeting, 24-12-2024: Outcome of Board Meeting

The Board of Directors has approved further investment in the subsidiary, Xandos Lighting and Fixtures Private Limited, acquiring 100% of its shareholding. This strategic move aims to enhance Focus Lighting and Fixtures Limited's position in the LED lighting market, facilitating operational synergies and expanding its product offerings. The acquisition involves a cash payment at a face value of INR 10 per share, with completion expected within 60 days. As of September 30, 2024, Xandos reported a negative turnover and net worth, having not commenced operations yet.