Quicktouch Technologies Limited — Board Meeting, 03-12-2024: Outcome of Board Meeting

The Board of Directors of Quicktouch Technologies Limited has convened a meeting to discuss and approve several significant corporate actions. The unaudited financial results for the quarter and half-year ending September 30, 2024, were reviewed, showing continued positive performance. The Board has approved the conversion of 10,00,000 warrants into equity shares at an issue price of ₹196.17 each, aggregating to a total inflow of ₹14.71 Crores.

Additionally, the Board has sanctioned the acquisitions of Vidyahub Private Limited and Techquench Private Limited for ₹12 Crores and ₹3 Crores respectively, aiming to expand the Company's footprint in the education and IT sectors. The infusion of ₹13.5 Crores into its wholly-owned subsidiary, Qtouch Business Solutions Private Limited, has also been greenlighted to bolster its operational capabilities and growth potential.