Unicommerce Esolutions Limited — Others, 20-03-2025: Cessation

Unicommerce eSolutions Ltd. has announced a board meeting where it approved a preferential issue of 60,33,189 equity shares in exchange for acquiring 7,610 shares of Shipway Technology Private Limited. This acquisition will convert Shipway into a wholly-owned subsidiary, enhancing Unicommerce's eCommerce solutions portfolio. Additionally, the board decided to modify the Articles of Association to allow SoftBank and B2 Capital to nominate non-executive directors, pending member approval. The company also recorded the resignations of three senior management personnel. This strategic move appears to position Unicommerce strongly in the competitive eCommerce market, potentially boosting investor confidence while changing its leadership structure.