Integrated Personnel Services Limited — Board Meeting, 17-07-2025: Outcome of Board Meeting

IPSL's board approved key strategic moves. The company will acquire 100% of Informatic Connecting Tech Pvt. Ltd. (ICTPL) for Rs. 9.50 Cr, entering the HRMS and SaaS market. ICTPL had FY25 turnover of Rs. 1.36 Cr. The acquisition consideration includes a share swap of 10.71 lakh shares (Rs. 7.71 Cr) and Rs. 1.79 Cr cash. IPSL also plans to raise Rs. 7.71 Cr via a preferential issue of 10.71 lakh shares for cash at Rs. 72 each. Authorized share capital will rise from Rs. 10 Cr to Rs. 11 Cr. Shareholder approval is sought at an EOGM on August 14.