Acquisition Completes in AAA Technologies Limited; Q1 Unaudited Results Announced
AAA Technologies Limited announced the completion of its share purchase agreement and subsequent change of control following an Open Offer, alongside releasing the unaudited financial results for the quarter ended June 30, 2026.The company confirmed that the transactions contemplated under the Share Purchase Agreement dated December 29, 2025, have been completed and consummated. The acquisition involved Mr. Venugopal Madanlal Dhoot, Mrs. Shobha Venugopal Dhoot, Mr. Anirudh Venugopal Dhoot, and Mr. Vineet Venugopal Dhoot (the 'Sellers'), who transferred their shares to Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia (collectively, the 'Acquirers').
The completion of these transactions resulted in a change of control for AAA Technologies Limited. The Acquirers completed an Open Offer under the relevant regulations, and the board noted that they now hold control over the Company.
Share Transfer Details
The Sellers transferred a total of 44,10,000 shares, resulting in them holding Nil shares after the closing. The details of the shares transferred by the sellers are as follows:| Sr. No. | Name of Seller | Shares held prior to Closing | Shares transferred | Shareholding after Closing |
|---|---|---|---|---|
| 1. | Mr. Venugopal Madanlal Dhoot | 11,02,500 | 11,02,500 | Nil |
| 2. | Mrs. Shobha Venugopal Dhoot | 11,02,500 | 11,02,500 | Nil |
| 3. | Mr. Anirudh Venugopal Dhoot | 11,02,500 | 11,02,500 | Nil |
| 4. | Mr. Vineet Venugopal Dhoot | 11,02,500 | 11,02,500 | Nil |
| Total | 44,10,000 | 44,10,000 | Nil |
The Acquirers acquired the Sale Shares along with existing holdings. The distribution of shares acquisition is detailed in the table below:
| Sr. No. | Name of Acquirer | Number of shares acquired | Percentage of shares acquired | Existing shares (Acquirer) | Total shares held as on date | Total shareholding % |
|---|---|---|---|---|---|---|
| 1. | Jyotirgamya Advisory Private Limited | 37,68,660 | 29.38% | 46,469 | 38,15,129 | 29.74% |
| 2. | Mr. Ashok Kumar Chordia | 6,41,340 | 5.00% | 4,587 | 6,45,927 | 5.04% |
| Total | 44,10,000 | 34.38% | 34.78% |
Following the completion of the transfers and the Open Offer, it was noted that the Acquirers have acquired control over the company. In accordance with the agreement terms, the Acquirers are classified as Promoters of the Company, while the existing Sellers are reclassified as public shareholders.
Reclassification of Existing Shareholders
The board also reviewed the status of previous promoters and members of the Promoter Group. The four remaining promoters who sold their shares during the financial year 2025-2026 do not hold any equity in the Company.Key shareholder details include:
| Name of Shareholders | Number of Shares Held | % of the Total Equity |
|---|---|---|
| Mr. Anjay Ratanlal Agarwal | 25,27,800 | 0.00% |
| Mrs. Ruchi Anjay Agarwal | 19,20,000 | 0.00% |
| Ms. Archana Anjay Agarwal | 1,57,500 | 0.00% |
| Ms. Kanak Anjay Agarwal | 1,57,500 | 0.00% |
| Mr. Venugopal Madanlal Dhoot | 11,02,500 | 0.00% |
| Mrs. Shobha Venugopal Dhoot | 11,02,500 | 0.00% |
| Mr. Anirudh Venugopal Dhoot | 11,02,500 | 0.00% |
| Mr. Vineet Venugopal Dhoot | 11,02,500 | 0.00% |
Q Ended June 30, 2026 Financial Performance
AAA Technologies Limited released its Unaudited Financial Results for the quarter ended June 30, 2026. The results are presented in Lakhs (unless otherwise stated).| Metric | Quarter Ended June 30, 2026 | Quarter Ended March 31, 2026 | Year Ended March 31, 2026 |
|---|---|---|---|
| Revenue from operations | 375.97 | 370.46 | 1,716.77 |
| Other income | 48.36 | 40.48 | 142.40 |
| Total Revenue | 424.33 | 410.94 | 1,859.17 |
| Employee benefits expense | 244.09 | 252.61 | 1,062.04 |
| Depreciation and amortisation expense | 3.80 | 8.02 | 32.16 |
| Other expenses | 60.64 | 47.36 | 12.74 |
| Total expenses | 308.53 | 307.99 | 1,606.55 |
| Profit/(loss) before tax (A-B) | 115.79 | 102.95 | 252.23 |
Management noted that the company changed its accounting policy for revenue recognition during the quarter ended June 30, 2026, to recognize revenue net of GST, effective from April 1, 2026. The results were subject to a Limited Review by Statutory Auditors and have been approved by the Board of Directors.
AAATECH Stock Price Movement
On Friday, shares of AAA Technologies Limited climbed, settling at ₹92.18 after recording a gain of ₹2.04 and posting an upward trend for the day. The stock traded within a tight range between ₹90.36 and ₹92.5, with 12,899 shares accounted for in volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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