Mehai Technology to Acquire Hi-Tech Services for ₹4,50,00,000
M&A
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 13 Oct 2026, 05:37 PM IST · BSE ID: 6cc5f1f9-835b-4b0c-81ff-1a3e9329dacb
View Original BSE Filing (PDF)
💡
In Simple Terms
Mehai Technology is buying a company called Hi-Tech Services for ₹4.5 Crore to grow its business in data processing.
🤖 AI Summary
- Mehai Technology Limited signed a Share Purchase Agreement to acquire 100% of Hi-Tech Services Private Limited.
- The total consideration for the acquisition is ₹4,50,00,000 (Rupees Four Crore Fifty Lakh only).
- Hi-Tech Services Private Limited reported NIL turnover for FY 2023-24, FY 2024-25, and FY 2025-26.
- The acquisition is a cash consideration and aims to expand Mehai Technology's business into IT-Enabled Services.
- The acquisition is expected to be completed upon fulfilment of applicable conditions and share transfer formalities.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Consideration
₹4,50,00,000
Target Company Turnover FY 2025-26
NIL
Target Company Turnover FY 2024-25
NIL
Target Company Turnover FY 2023-24
NIL
Acquired Shareholding
100%
🏢 How This Affects the Company
This acquisition expands Mehai Technology's business operations into Information Technology (IT) and IT-Enabled Services (ITeS), specifically data processing services.
Mehai Technology will disburse ₹4,50,00,000 as cash consideration for the acquisition, impacting its cash reserves upon completion.
Post-acquisition, Mehai Technology intends to obtain management and control over Hi-Tech Services Private Limited's business, integrating its operations in data processing.
Acquiring a company with NIL turnover for the preceding three financial years introduces integration and business generation risks within the new segment.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this intimation.
👤
Who Is Affected
Shareholders of Mehai Technology Limited are affected as the company will utilize ₹4,50,00,000 of cash for the acquisition, potentially impacting future capital allocation.
🔍
Management Signal
Management is signaling a strategic pivot towards the IT/ITeS sector through acquisition, aiming for business diversification and growth into new segments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Intimation of acquisition completion by Mehai Technology Limited.
Mehai Technology's next financial results — check cash flow and new segment performance.
Updates on business objectives and revenue generation from Hi-Tech Services.
MEDIUM RISK
Acquisition of a company with NIL turnover introduces business integration and revenue generation risks.
💡 Investor Takeaway
Mehai Technology Limited has entered a Share Purchase Agreement to acquire 100% of Hi-Tech Services Private Limited for ₹4,50,00,000. The target company recorded NIL turnover for FY 2023-24, FY 2024-25, and FY 2025-26. The acquisition is a cash consideration for business expansion.
⚖️ Strengths & Concerns
✅ Positives
- Mehai Technology is pursuing business expansion and strategic objectives by entering the Information Technology (IT) / IT-Enabled Services (ITeS) sector.
- The acquisition is for 100% of the target entity, providing Mehai Technology full control over Hi-Tech Services Private Limited's operations.
⚠️ Concerns
- Hi-Tech Services Private Limited reported NIL turnover for FY 2023-24, FY 2024-25, and FY 2025-26, indicating no revenue generation in recent periods.
- The total consideration of ₹4,50,00,000 for a company with no recent turnover requires scrutiny regarding the valuation rationale.
❓ Frequently Asked Questions
What is the acquisition cost for Mehai Technology Limited?
Mehai Technology Limited is acquiring 100% of Hi-Tech Services Private Limited for a total consideration of ₹4,50,00,000 (Rupees Four Crore Fifty Lakh only).
What is the business of the acquired company, Hi-Tech Services Private Limited?
Hi-Tech Services Private Limited is engaged in data processing using computers and other data-processing equipment, along with related consultancy services and dealing in computer systems and software.
What was the turnover of Hi-Tech Services Private Limited in recent financial years?
Hi-Tech Services Private Limited reported NIL turnover for FY 2023-24, FY 2024-25, and FY 2025-26.
What percentage of Hi-Tech Services Private Limited is Mehai Technology Limited acquiring?
Mehai Technology Limited is acquiring 100% of the issued and paid-up equity share capital of Hi-Tech Services Private Limited.
Questions based on this BSE filing only. For information purposes.