Acetech E-Commerce Acquires Neora-Store Brand For USD 1.8 Million

Board approved 100% acquisition of Neora-Store lighting & home decor e-commerce brand from Sharjah, UAE seller for USD 1.8M cash, closing on or before Oct 22, 2026. First named deal under prospectus unidentified-acquisition plan; adds established cross-border D2C lighting brand with US and Netherlands reach, in line with stated inorganic growth push. Turnover and funding source undisclosed; closing needs RBI remittance clearance; cash funding is key given past negative operating cash flow and stretched receivables.