Pelatro Limited — Important, 07-04-2025: Updates

The Board of Directors of Pelatro Limited has approved a significant acquisition strategy involving Estel Technologies Private Limited and Estel Technologies International FZE in a slump sale transaction. The deal entails acquiring the software business and a 100% stake in the equity capital of the latter entity, enhancing Pelatro's footprint within the telecom software industry. The considerations are structured with a total of ₹20 Crores in cash, ₹7 Crores in Pelatro shares, and ₹14 Crores based on earn-outs contingent on performance milestones over the next three years. This strategic move is designed to strengthen customer engagement and broaden product offerings in the telecom sector, potentially leading to positive growth and a reinforced market position. Completion is expected by June 2025, subject to regulatory approval and fulfillment of specified conditions.