Qualitek Labs Ltd — Updates, 29-05-2025: Company Update

Qualitek Labs has announced a board meeting on the approval of a share swap to acquire the remaining 2,54,959 equity shares of Interstellar Testing Centre Private Limited (ITCPL), completing its 100% acquisition. The company will issue 16,72,531 equity shares at a ratio of 6.56 shares for every ITCPL share. ITCPL operates in testing and assurance services across pharmaceuticals, food, chemicals, and other sectors, with a turnover of ₹40.58 Cr and net profit of ₹1.94 Cr in FY 2024-25. This acquisition aims to strengthen Qualitek’s testing capabilities and diversify its offerings. Finalization is subject to shareholder approval.