Photon Capital Advisors Ltd — Important, 09-01-2026: Company Update

The company has divested its entire stake in Nicosa Consulting Private Limited, selling 23,96,000 equity shares at a face value of Rs. 10 each. Following this transaction, Nicosa is no longer an associate company. The sale generated Rs. 3.83 Crores, with the proceeds intended to fund the company's long-term objectives. This strategic move to realize investment value in favorable market conditions involved promoters as buyers and was structured as an arm's length related-party transaction, approved by shareholders.