Vuenow Infratech Ltd — Important, 02-09-2025: Company Update

Vuenow Infratech's board has approved the acquisition of 51% equity in Mahakal Devcon Limited through an all-stock swap. This strategic move aims to enhance Vuenow's capabilities in providing end-to-end data center solutions, including construction and infrastructure, aligning with its expansion into broader sectors. Mahakal Devcon reported FY25 turnover of Rs. 84.23 Cr. Vuenow will issue ~60 lakh new equity shares valued at Rs. 153.74 Cr for this acquisition. Additionally, the board increased the authorized share capital from Rs. 25 Cr to Rs. 75 Cr, broadened the company's object clause to support new business dynamics, and appointed two new independent directors, strengthening governance.