Quicktouch Technologies Limited — Important, 11-12-2024: Updates

The Board of Quicktouch Technologies Limited convened to review and approve several significant financial and strategic activities. The company reported that it has converted 10,00,000 warrants into equity shares at an issue price of ₹196.17 each, resulting in a capital infusion totaling ₹14.71 crore. The paid-up capital has now increased to ₹10.81 crore.

Quicktouch has also approved the acquisition of two entities: Vidyahub Private Limited for ₹12 crore and Techquench Private Limited for ₹3 crore. These acquisitions are aimed at strengthening its educational technology offerings and enhancing IT capabilities, respectively. Additionally, the company plans to invest ₹13.5 crore in its wholly-owned subsidiary, Qtouch Business Solutions Private Limited, to support operations and expansion initiatives.

Financial performance showed revenue from operations of ₹4,169.59 lakh for the half-year ended September 30, 2024, while the net profit after tax stood at ₹360.19 lakh. The strategic maneuvers position Quicktouch for growth within the competitive education and IT service sectors, providing a positive outlook for shareholders.