Fruition Venture Ltd — Updates, 05-05-2025: Company Update

Fruition Venture Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company undertook a change in control following an open offer wherein former promoters—Mr. Nitin Jain, Mr. Sanhit Jain, and M/s Nitin Jain (HUF)—exited, and new promoters Mr. Krishan Kumar Aggarwal and Mr. Nitin Aggarwal acquired control. Subsequently, Fruition Venture has applied for reclassification of the erstwhile promoters from promoter to public category. The open offer involved acquisition of 26% shares at Rs. 13 per share by the new promoters following a share purchase agreement for nearly 50% of shares. The acquirers hold no shares prior to the offer and plan to continue existing business without major change. The target company, engaged in trading shares and securities, reported a profit after tax of Rs. 77.67 lakh for FY22 and a loss in the latest quarter. Post-offer, the new promoters will hold 75.6% shares, with public shareholding at 24.4%. No material litigations or regulatory penalties are pending against the company or new promoters.