Identixweb Ltd to increase stake in Munim ERP to 70.05% for Rs 1,223.48 lakh

What Identixweb announced

On 24 June 2026, the Board of Directors of Identixweb Ltd (BSE: 544388) approved the acquisition of an additional 20.04% equity stake in its wholly‑owned subsidiary, Munim ERP Private Limited (MEPL). The deal involves the purchase of 6,693 equity shares at a total consideration of Rs 1,223.48 lakh. After the transaction, Identixweb’s shareholding in MEPL will increase to 70.05%.

The acquisition is being executed under Regulation 30 of the SEBI LODR Regulations and is disclosed as a related‑party transaction because the promoters of Identixweb also sit on the board of MEPL. The board confirmed that the deal is being carried out at arm’s length, based on a valuation report from a registered valuer, and will be funded by converting an existing inter‑corporate loan.

Transaction specifics

• Shares acquired: 6,693 equity shares of Rs 10 each.
• Consideration: Rs 1,223.48 lakh, paid through conversion of an inter‑corporate loan.
• Resulting ownership: 70.05% of MEPL’s equity (up from roughly 50%).
• Related‑party nature: Promoters Priyankkumar Jivrajbhai Savani and Ankur Jagdishbhai Lakhani are directors of both Identixweb and MEPL.
• Valuation: Conducted by a registered valuer; the board asserts the price is at arm’s length.
• Completion timeline: Expected within 30 days of the board meeting.
• Regulatory approvals: None required beyond standard LODR filing.

About Munim ERP Private Limited

Munim ERP Private Limited, incorporated on 8 June 2022, is a Surat‑based provider of accounting and GST‑compliance software, focusing on Enterprise Resource Planning (ERP) solutions for various industries. The company’s authorized capital is Rs 1,00,000 (10,000 shares of Rs 10 each). According to audited financial statements as of 31 March 2026, MEPL recorded:

• Turnover: Rs 196.06 lakh.
• Net worth: Negative Rs 310.19 lakh.

The subsidiary’s business aligns with Identixweb’s broader technology and software services portfolio, although the filing notes the acquisition is primarily aimed at rationalising the subsidiary’s debt structure and consolidating control.

Key facts at a glance

Why this matters for investors

The acquisition increases Identixweb’s controlling interest in MEPL, giving it greater strategic flexibility over the ERP business. By converting an inter‑corporate loan into equity, Identixweb reduces the subsidiary’s debt burden, which may improve MEPL’s balance‑sheet health over time. However, the subsidiary currently carries a negative net worth, indicating that the additional capital infusion will be essential for sustaining operations.

Because the deal is a related‑party transaction, the board’s disclosure of an arm‑length valuation is material for shareholders to assess fairness. No external regulatory approvals are required, so the transaction is unlikely to face procedural delays. The 30‑day completion window suggests the acquisition will be reflected in the next quarterly filing, allowing investors to monitor any subsequent changes in MEPL’s financial performance.

Conclusion

Identixweb Ltd’s board has approved the purchase of an additional 20.04% stake in Munim ERP Private Limited for Rs 1,223.48 lakh, raising its ownership to 70.05%. The transaction, executed on an arm‑length basis despite being a related‑party deal, is funded through conversion of an inter‑corporate loan and is slated for completion within a month. Investors should watch forthcoming disclosures for updates on MEPL’s post‑acquisition financials and any impact on Identixweb’s consolidated results.

"The acquisition is being done at arm’s length basis and on the basis of Valuation Report of Registered Valuer," the filing states.