Akiko Global Services Limited — Important, 03-12-2024: Disclosure of material issue

Akiko Global Services Ltd has successfully acquired a 75% shareholding in M11 Insurance Agents Private Limited, which will now become a subsidiary of the company. The strategic move aims to enhance Akiko's market position and profitability while diversifying into secured and unsecured loan services. M11 Insurance, with a turnover of ₹11.72 crore for the financial year ending March 2024, is engaged in the Direct Selling Agent (DSA) business for loans and insurance. This acquisition is set to bolster Akiko's top line and expand its overall operations. The completion of the acquisition is expected within 2-3 months, with shares acquired at ₹757 each through electronic fund transfer. Investors should watch this development closely as it could indicate significant growth potential for the company.