Evoq Remedies Ltd — Important, 21-08-2025: Company Update

Evoq Remedies' board has decided to withdraw the previously approved preferential issue of equity shares. This means the company will no longer issue 63.36 lakh shares for a 71.95% stake in Poshan Nutriwell Private Limited, nor 1 crore shares for a 50.36% stake in Spazio Formulations Limited. The company cited a change in market conditions and strategic realignment as reasons for this reversal. This move signals a significant shift in the company's previously announced acquisition plans, potentially impacting its growth trajectory and future business strategy for shareholders.