Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we wish to inform that the Company has made acquisition ....
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 25 Jun 2026, 10:10 PM IST · BSE ID: 02a8ad6e-70f3-4fb4-92ac-dff8be0b6518
View Original BSE Filing (PDF)
💡
In Simple Terms
Deep Health AI India bought a 6.37% stake in Leapfrog Engineering Services for INR 19.92 crore in cash.
🤖 AI Summary
- Deep Health AI India Limited acquired 06.37% of Leapfrog Engineering Services Ltd.'s paid-up equity share capital.
- The acquisition involved 90,30,000 equity shares purchased at INR 22.06 each, aggregating INR 19,92,01,800/-.
- Leapfrog Engineering Services Ltd. reported a turnover of Rs. 13,466.24 (in lakhs) as on March 31, 2025.
- The transaction was a cash acquisition for routine investment purposes, completed on June 24, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Percentage of shareholding acquired
06.37%
Number of equity shares acquired
90,30,000 equity shares
Purchase price per share
INR. 22.06
Aggregated cost of acquisition
INR. 19,92,01,800/-
Leapfrog Engineering Services Ltd. Turnover (as on March 31, 2025)
Rs. 13,466.24 (in lakhs)
🏢 How This Affects the Company
The acquisition represents a routine investment in an Engineering & Construction company, diversifying Deep Health AI India's business interests beyond its core activities.
Deep Health AI India utilized INR 19,92,01,800/- in cash for the acquisition of the 06.37% stake.
The filing states the acquisition is not a related party transaction, mitigating associated governance risks.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this acquisition disclosure.
👤
Who Is Affected
Shareholders of Deep Health AI India are affected by the deployment of INR 19,92,01,800/- of the company's cash towards this 06.37% equity acquisition.
🔍
Management Signal
Management signals an intent to diversify the company's investments into sectors such as Industrials/Engineering & Construction.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Future disclosures on financial performance of Leapfrog Engineering Services Ltd.
Deep Health AI India's next quarterly results — assess cash position post-acquisition.
Any further investments or strategic decisions regarding the acquired entity.
LOW RISK
The acquisition is stated as a routine investment, completed, and not a related party transaction.
💡 Investor Takeaway
Deep Health AI India completed a routine cash investment, acquiring 06.37% of Leapfrog Engineering Services for INR 19,92,01,800/-. Leapfrog Engineering Services reported Rs. 13,466.24 (in lakhs) turnover as on March 31, 2025. This diversifies Deep Health AI India's portfolio into Industrials/Engineering & Construction.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of 06.37% stake in Leapfrog Engineering Services Ltd. diversifies Deep Health AI India's investment portfolio into Industrials/Engineering & Construction.
- The target entity, Leapfrog Engineering Services Ltd., had a turnover of Rs. 13,466.24 (in lakhs) as on March 31, 2025, indicating an established operational presence.
⚠️ Concerns
- The filing does not provide a clear strategic rationale beyond "Routine Investment Purpose" for venturing into an unrelated business sector.
- No financial details beyond turnover are provided for the acquired entity, preventing a comprehensive assessment of its financial health or profitability.
❓ Frequently Asked Questions
What stake did Deep Health AI India acquire in Leapfrog Engineering Services Ltd.?
Deep Health AI India Limited acquired 06.37% of the paid-up equity share capital of Leapfrog Engineering Services Ltd.
What was the total cost of the acquisition by Deep Health AI India Limited?
The aggregated cost of the acquisition for Deep Health AI India Limited was INR 19,92,01,800/-.
What was the turnover of Leapfrog Engineering Services Ltd. as of March 31, 2025?
Leapfrog Engineering Services Ltd. reported a turnover of Rs. 13,466.24 (in lakhs) as on March 31, 2025.
What is the industry of Leapfrog Engineering Services Ltd.?
Leapfrog Engineering Services Ltd. belongs to the Industrials / Engineering & Construction industry.
Was the acquisition a related party transaction for Deep Health AI India?
No, the acquisition of shares would not fall within related party transaction(s) and the promoter/promoter group/group companies do not have any interest in the entity acquired.
Questions based on this BSE filing only. For information purposes.