Acquisition of 51% Stake and Voting Rights in Aflairza Professionals Private Limited.
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 23 Jul 2026, 05:54 PM IST · BSE ID: 439b790a-29c9-4e48-99de-caa0f66bf5ee
View Original BSE Filing (PDF)
💡
In Simple Terms
Recode Studios bought 33% of beauty company Aflairza for ₹8.32 Crore, with more shares to be acquired later.
🤖 AI Summary
- Recode Studios completed Phase I of Aflairza Professionals Private Limited acquisition, securing 33% equity and voting rights.
- Phase I involved an aggregate investment of approximately ₹8.32 Crore, through fresh equity and secondary transfer.
- Aflairza Professionals, incorporated May 16, 2026, reported ₹1.47 crores revenue from May 16 to June 30, 2026.
- The target company operates in beauty, cosmetics, and personal care, aligning with Recode Studios' existing strategy.
- Phase II, aiming for a total 51% stake, is expected to be completed by February 2027.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Phase I Investment
₹8.32 Crore
Equity Acquired (Phase I)
33%
Target Company Incorporation Date
16th May, 2026
Aflairza Revenue (May 16 - June 30, 2026)
₹1.47 crores
Not comparable — limited prior period data.
Shares Acquired (Phase I)
2,91,686 equity shares
Acquisition Price per share (Phase I)
₹285 per equity share
🏢 How This Affects the Company
This acquisition strengthens Recode Studios' presence and product portfolio within the beauty, cosmetics, and personal care segment. It aligns with the company's strategy to expand market reach and leverage operational synergies.
Recode Studios has deployed approximately ₹8.32 Crore in cash consideration for Phase I of the acquisition. The target company, Aflairza Professionals, reported ₹1.47 crores in revenue from operations for the period May 16, 2026, to June 30, 2026.
The acquisition of Aflairza Professionals, a company engaged in manufacturing, marketing, and trading beauty products, is within Recode Studios' main line of business. This integration is intended to complement and augment existing operations, potentially expanding product offerings and market channels.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this disclosure.
👤
Who Is Affected
Existing shareholders of Recode Studios are affected as company cash resources of approximately ₹8.32 Crore have been utilized for the Phase I acquisition. This strategic move aims to expand the company's business portfolio.
🔍
Management Signal
Management is signaling a continued strategy of inorganic growth and expansion within the beauty, cosmetics, and personal care segment, utilizing cash for strategic acquisitions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Updates on Phase II completion of Aflairza acquisition by February 2027.
Future financial results of Recode Studios for integration impact and consolidated performance.
Disclosures regarding Aflairza Professionals' operational and financial performance post-acquisition.
MEDIUM RISK
Target company Aflairza Professionals has a very limited operating history since its incorporation on May 16, 2026.
💡 Investor Takeaway
Recode Studios completed Phase I of acquiring Aflairza Professionals, securing 33% equity for approximately ₹8.32 Crore. Aflairza, incorporated May 16, 2026, reported ₹1.47 crores revenue from May 16 to June 30, 2026. The full 51% acquisition is targeted by February 2027.
⚖️ Strengths & Concerns
✅ Positives
- Recode Studios completed Phase I of the acquisition, securing a 33% stake in Aflairza Professionals for ₹8.32 Crore cash.
- The acquisition of Aflairza Professionals is directly in line with Recode Studios' existing business strategy in beauty and cosmetics.
⚠️ Concerns
- Aflairza Professionals' financial data is provisional, reflecting revenue from operations of only ₹1.47 crores for May 16-June 30, 2026.
- The target company, Aflairza Professionals, was incorporated only on May 16, 2026, indicating a very limited operational history.
📅 Company Track Record
Previous filings on July 14, 2026, indicated Recode Studios' intent to acquire up to 51% of Aflairza Professionals for ₹8.32 Crore (Phase I), including the signing of a Share Purchase Agreement. This current filing confirms the completion of Phase I.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What stake did Recode Studios acquire in Aflairza Professionals in Phase I?
Recode Studios acquired 33% of the equity share capital and voting rights in Aflairza Professionals Private Limited in Phase I of the acquisition.
What was the investment amount by Recode Studios for Phase I of the Aflairza acquisition?
The aggregate investment made by Recode Studios for Phase I of the acquisition was approximately ₹8.32 Crore.
What was Aflairza Professionals' revenue from operations for the period May 16 to June 30, 2026?
Aflairza Professionals Private Limited reported revenue from operations of ₹1.47 crores for the period from May 16, 2026, to June 30, 2026.
When is Phase II of the Aflairza Professionals acquisition expected to be completed?
Phase II of the acquisition, which will result in Recode Studios holding a total 51% stake, is expected to be completed by February 2027.
What industry does Aflairza Professionals Private Limited belong to?
Aflairza Professionals Private Limited belongs to the Beauty & Cosmetic industry, engaged in manufacturing, marketing, and trading beauty, cosmetics, and personal care products.
Questions based on this BSE filing only. For information purposes.