EL CID Investments Ltd — Important, 28-08-2025: Company Update

Elcid Investments has announced an agreement to invest in Nexon Omniverse Limited, a fast fashion retailer operating under brands like Style Union and Ethnicity. This investment, valued at approximately ₹15 Cr, involves subscribing to Compulsorily Convertible Preference Shares and acquiring equity shares. Upon completion, expected within 30 days, Elcid Investments will hold about 0.60% of Nexon Omniverse's share capital on a fully diluted basis. Nexon Omniverse reported a turnover of ₹582.55 Cr for FY25. This move aligns with Elcid's normal investment activities as an NBFC, expanding its portfolio.