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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Liqvd Digital India Ltd

Liqvd Digital India Acquires Full Stake in Adlift Marketing, Now 100% WOS

M&A ▲ Positive Development LOW RISK
📅 Filed on BSE: 27 Oct 2026, 12:02 AM IST  ·  BSE ID: e681ccb7-bcb2-476b-ba9a-6229e69f50df
View Original BSE Filing (PDF)
💡
In Simple Terms
Liqvd Digital India bought the remaining 23.21% of Adlift Marketing, making it a fully owned company.
🤖 AI Summary
  • Liqvd Digital India acquired an additional 23.21% equity in Adlift Marketing for 9,00,01,813.05/-.
  • Company's shareholding in Adlift Marketing increased from 76.79% to 100%, making it a Wholly Owned Subsidiary.
  • The acquisition consideration was 9,00,01,813.05/-, paid in cash, for 23,211 shares.
  • Adlift Marketing Private Limited recorded a turnover of Rs. 3,803.27/-Lakhs as of March 31, 2026.
  • This acquisition was funded from IPO proceeds and aligns with the company's business objects.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of acquisition of 23.21% stake
9,00,01,813.05/-
Prior shareholding in Adlift
76.79%
Post-acquisition shareholding in Adlift
100%
Turnover of Adlift as on 31st March 2026
Rs. 3,803.27/-Lakhs
🏢 How This Affects the Company
📈
Business Impact
The acquisition integrates Adlift Marketing fully into Liqvd Digital India, consolidating its digital marketing and IT services operations. Adlift's business is within the company's main line of business, enhancing core service offerings.
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Financial Impact
The transaction involved a cash consideration of 9,00,01,813.05/- for the additional stake, funded from IPO proceeds. Adlift's full financial results will now be consolidated into Liqvd Digital India's statements.
⚙️
Operational Impact
Adlift Marketing, offering internet marketing and web/software/mobile development, is now entirely controlled by Liqvd Digital India, enabling streamlined operations and strategic alignment.
⚠️
Risk Impact
Consolidating Adlift as a wholly owned subsidiary centralizes control and eliminates minority shareholder interests, potentially simplifying future decision-making and risk management for that entity.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this acquisition filing.
👤
Who Is Affected
Shareholders of Liqvd Digital India Ltd are affected as the company's balance sheet and operational control expand to fully encompass Adlift Marketing, which reported a turnover of Rs. 3,803.27/-Lakhs.
🔍
Management Signal
Management is executing its stated IPO objects by funding the acquisition of the remaining 23.21% stake in Adlift Marketing, indicating a focus on consolidating and growing its core digital services.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Upcoming quarterly results — observe consolidated performance including Adlift's full contribution.
Future disclosures on integration strategy for Adlift Marketing.
Updates on further utilization of IPO proceeds.
LOW RISK The acquisition is of an existing subsidiary and aligns with previously stated IPO objectives, reducing unforeseen risks.
💡 Investor Takeaway
Liqvd Digital India acquired an additional 23.21% equity in Adlift Marketing for 9,00,01,813.05/-, increasing its holding to 100%. Adlift, with a turnover of Rs. 3,803.27/-Lakhs as of March 31, 2026, is now a wholly owned subsidiary, funded by IPO proceeds.
⚖️ Strengths & Concerns

✅ Positives

  • Full ownership of Adlift Marketing streamlines operations and consolidates all profits, aligning with stated IPO objectives for growth.
  • Adlift Marketing contributed Rs. 3,803.27/-Lakhs in turnover as of March 31, 2026, adding scale to the digital services portfolio.
📅 Company Track Record
No previous financial performance or significant event filings were found for Liqvd Digital India Ltd (BSE: 544946). The company was formerly known as Liqvd Digital India Private Limited.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What stake did Liqvd Digital India acquire in Adlift Marketing Private Limited?
Liqvd Digital India Ltd acquired an additional 23.21% equity share capital of Adlift Marketing Private Limited.
What is the cost of acquisition for the additional stake in Adlift Marketing?
The cost of acquisition for the 23.21% stake was 9,00,01,813.05/-, paid as cash consideration.
What is Liqvd Digital India's total shareholding in Adlift Marketing post-acquisition?
Upon completion of this acquisition, Liqvd Digital India's shareholding in Adlift Marketing Private Limited is 100%, making Adlift a wholly owned subsidiary.
What was the turnover of Adlift Marketing Private Limited as of March 31, 2026?
The turnover of Adlift Marketing Private Limited as on March 31, 2026, was Rs. 3,803.27/-Lakhs.
How was the acquisition of Adlift Marketing funded?
The funding for the acquisition of the 23.21% stake in Adlift Marketing Private Limited came from the proceeds of Liqvd Digital India's IPO.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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