Innovators Facade Systems Approves Rs11 Crore 51 Percent ICWPL Share Swap

Board approved buying 51.03% (10,10,000 shares) of ICWPL from Vedika Radheshyam Sharma for Rs11.22Cr via 9,50,971 share swap at Rs118 to make it 100% WOS. EGM 25 Nov 2026. Moves core facade sub-contractor already part-held via WOS to full ownership, streamlining related-party loop and securing leased Wada factory. First full buyout vs routine yearly RPT approvals. Share-swap preserves cash but lifts promoter-group holding to 5.40%; RPT needs shareholder nod at EGM with 3-6 month close. Watch EGM voting and dissent given family nature.