Rashi Peripherals Ltd

Rashi Peripherals Limited has informed the Exchange that Pursuant to Regulation 30 read with para A of Part A of Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors at its meeting held today i.e. January 13, 2025 have approved to make an investment of upto Rs. 14 crores by way of acquisition of equity shares in Satcom Info Tech Private Limited ( Satcom ). In this regard, the Company will execute a Share Purchase Agreement ( SPA ) with promoters/shareholders of the Satcom Info Tech Private Limited and the Satcom Info Tech Private Limited for acquisition of the said shares.