Niks Technology Approves Dev Satya Infra Acquisition And ₹79 Crore Preferential Issue

Board approved 100% acquisition of Dev Satya Infra for Rs35 Cr via 25.73 lakh share swap at Rs136, plus 40 lakh share preferential cash issue for Rs54.4 Cr and 18.38 lakh warrants for Rs25 Cr. Strategic diversification from IT software into infra/real estate; MOA altered, authorised capital raised 10x to Rs10 Cr. Target FY25 turnover Rs121 Cr vs Rs41 Cr in FY24. All deals subject to shareholder/ exchange nod at Sept 30 AGM; completion in 2 months. Loans under Sec 185/186 also cleared; massive dilution and unrelated foray add execution risk.