Pro Clb Global Ltd — Important, 01-06-2026: Company Update

Pro CLB Global has signed a Memorandum of Understanding to strategically invest in and acquire K Globes Digital Media Private Limited. The company plans to acquire an initial 85% equity stake, with potential to increase to 100%, making KGDMPL a subsidiary. Pro CLB Global proposes to invest up to Rs. 20 Crore in phases to develop KGDMPL's media and digital communication business, covering television broadcasting, digital media platforms, content creation, and business news. This move signals a significant expansion into the media sector, though the transaction remains subject to due diligence and definitive agreements.