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IKIO Technologies Limited (formerly IKIO Lighting Limited) announced that its wholly owned subsidiary, IKIO Solutions Private Limited (ISPL), has entered into a Share Purchase Agreement to acquire an 88% equity shareholding in Gravus Tech Private Limited on January 02, 2026. This acquisition makes Gravus Tech a subsidiary of ISPL.

Gravus Tech Private Limited is a newly incorporated company, established on September 02, 2025, with a paid-up share capital of ₹1,00,000. The company has no prior turnover as it is newly formed. Its business activities encompass the marketing of all types of electronic goods, parts, gadgets, instruments, and appliances, including LED Lights, LED Fixtures, and LED Drivers. The acquisition is expected to benefit the IKIO Group through the marketing expertise of Mr. Gurjit Singh, Director of Gravus Tech, who possesses over a decade of experience in marketing electronic and LED products. This will support and strengthen the marketing and distribution of IKIO Group’s products.

The acquisition aims to utilize Gravus Tech for the marketing and distribution of IKIO Group products, thereby supporting business expansion and increasing market reach for the Group. The transaction is a cash consideration, with 8,800 shares acquired at ₹10 each, totaling ₹88,000. This acquisition does not constitute a related party transaction, and neither IKIO Technologies Limited nor its promoter/promoter group or subsidiaries have any interest in Gravus Tech Private Limited. No governmental or regulatory approvals are required for this acquisition, and it will be completed after the execution of the share purchase agreement and statutory formalities.