Fidel Softech Limited — Board Meeting, 21-04-2025: Outcome of Board Meeting

Fidel Softech Limited has announced a board meeting outcome, approving the acquisition of 100% shareholding in Fidel Technologies KK, Japan, for approximately ₹6.5 Cr, pending shareholder approval. This strategic move aims to consolidate operations within the Fidel India group, enhancing its presence in the Information Technology enabled Services sector. Fidel Technologies has shown consistent growth, with a reported turnover of JPY 58.1 Cr for FY 2023-24. The acquisition is classified as a related party transaction, involving Mr. Sunil Kulkarni, who holds a 10% stake in the target company.