Innovana Thinklabs Limited — Important, 14-08-2025: Diversification/Disinvestment

Innovana Thinklabs' subsidiary, Innovana Astro Services Limited, has issued new shares to external investors. This strategic move, aimed at fostering the subsidiary's growth and addressing specific business objectives, has reduced Innovana Thinklabs' ownership stake from 92.01% to 86.03%. For the last fiscal year, Innovana Astro Services contributed approximately ₹16.71 crore in income and had a net worth of ₹1.75 crore. The share issuance successfully raised an aggregate consideration of ₹15.09 crore for the subsidiary, strengthening its financial position for future development. This development impacts the parent company's control and financial consolidation of the subsidiary.