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

Vuenow Infratech's board has approved acquiring a 51% equity stake in Mahakal Devcon Limited through an all-stock strategic swap, issuing nearly 60 lakh new equity shares. This acquisition boosts Vuenow's capability to offer end-to-end infrastructure solutions, particularly in data centers and construction, and significantly expands its business scope. Mahakal Devcon's FY25 turnover was 84.23 Cr. To facilitate growth, the company's authorized share capital will increase from 25 Cr to 75 Cr, pending shareholder approval. Two new independent directors were also appointed. This move strategically positions Vuenow for broader infrastructure development.