Rashi Peripherals approves acquisition of 67% stake in VDA Infosolutions for Rs 368.5 crore

What Rashi Peripherals announced

On 23 June 2026, the Board of Directors of Rashi Peripherals Limited (BSE: 544119, NSE: RPTECH) approved the acquisition of a 67 % equity stake in VDA Infosolutions Private Limited (VDA). The deal is a cash transaction amounting to INR 368.50 crore and will make VDA a subsidiary of Rashi Peripherals. The board also recommended the re‑appointment of Deloitte Haskins & Sells LLP as the company’s statutory auditors for a second five‑year term, subject to shareholder approval at the upcoming AGM.

Acquisition details

• Target: VDA Infosolutions Private Limited, a Mumbai‑based IT solutions and services firm incorporated in 2010. The company operates in the enterprise technology and digital infrastructure space, offering cloud, cybersecurity, data protection, virtualization, storage, IT consulting, DevOps and infrastructure management services.
• Stake and consideration: Rashi Peripherals will acquire 67 % of the paid‑up equity share capital for a cash consideration of INR 368.50 crore. The transaction is structured as a staggered acquisition – the initial 67 % will be paid in the first tranche, with the remaining 33 % to be paid in three equal instalments after closing, subject to customary conditions.
• Financial profile of VDA (as per provisional FY‑2026 figures):
  • Net worth: Rs 234.22 crore
  • Turnover (including other income): Rs 850 crore
  • Total assets: Rs 427.43 crore
• Related‑party status: The board confirmed that the transaction is not a related‑party transaction; none of Rashi Peripherals’ promoters or promoter group companies hold an interest in VDA.
• Regulatory approvals: No prior government or regulatory approvals are required for the acquisition.
• Strategic rationale: The acquisition is described as a forward‑integration move that complements Rashi Peripherals’ core IT products distribution business. By entering the enterprise technology and digital infrastructure solutions market, the company aims to broaden its service offering and capture higher‑value contracts.

Re‑appointment of statutory auditors

The board, acting on the Audit Committee’s recommendation, proposed the re‑appointment of Deloitte Haskins & Sells LLP (Firm Registration No. 117366W/W‑100018) as the statutory auditors for a second term of five years, covering the period from the conclusion of the 37th AGM in 2026 to the conclusion of the 42nd AGM in 2031. Shareholder approval at the forthcoming AGM is required for the appointment to take effect.

Key facts at a glance

Why this matters for investors

• Ownership change: Post‑closing, VDA will be consolidated into Rashi Peripherals’ financial statements, potentially increasing revenue and asset base.
• Capital outflow: The cash outlay of Rs 368.5 crore will be funded from the company’s existing resources or financing arrangements, which could affect short‑term liquidity.
• Strategic diversification: Moving from pure distribution of IT hardware to providing enterprise‑level digital solutions may improve the company’s margin profile and reduce reliance on commodity hardware cycles.
• Governance: The re‑appointment of a well‑known auditor for a second term signals continuity in financial oversight, which may be viewed positively by shareholders.
• Regulatory compliance: The filing complies with SEBI’s Regulation 30 requirements, ensuring transparency of material transactions.

Conclusion

Rashi Peripherals’ board has cleared a Rs 368.5 crore cash acquisition of a controlling 67 % stake in VDA Infosolutions, positioning the company in the high‑growth enterprise technology segment. The deal is non‑related‑party, requires no external approvals, and will be executed in staggered tranches. Concurrently, the board has sought shareholder approval to retain Deloitte Haskins & Sells LLP as auditors for another five years. Completion of the acquisition and auditor re‑appointment will depend on customary closing conditions and the outcome of the upcoming AGM.

"The acquisition complements the Company's core IT products distribution business and offers a strategic opportunity for forward integration in the enterprise technology and digital infrastructure solutions space." – Board of Directors, Rashi Peripherals Ltd.