Prodocs Solutions Announces Acquisition of Stake in Sevasarthi Info Solution; Approves ESOP Scheme and New Director Appointment
The Board of Directors of Prodocs Solutions Limited, during a meeting held on Thursday, June 11, 2026, approved several key business decisions, including the acquisition of a stake in Sevasarthi Info Solution Private Limited and the approval of multiple resolutions via a postal ballot notice.The company has acquired a 19% stake in Sevasarthi Info Solution Private Limited from an existing shareholder. The transaction was completed through cash consideration and involved 1900 shares representing the 19% stake. The cost of acquisition was not exceeding Rupees Nineteen Thousand Only (219,000).
The Board meeting also approved several measures intended to support internal governance and employee incentives. These resolutions were put forward for members' approval through a remote e-voting process.
Key Resolutions Approved
The special resolutions presented via the postal ballot notice covered significant corporate updates:- Articles of Association (AOA): Approval was sought for the alteration of the existing Articles of Association by adopting a new set aligned with the latest provisions of the Companies Act, 2013 and SEBI regulations.
- Employee Stock Option Scheme (ESOP): The company approved the Prodocs Solutions Employee Stock Option Scheme 2026 and granted stock options to its employees under the scheme.
- Group Benefits: Approval was granted to extend the benefits of the ESOP Scheme 2026 to the group company or any associated entities, present or future.
- Director Appointment: Ms. Neha Vinod Kothari (DIN: 11022380) was approved for appointment as a Non-Executive Independent Woman Director for a term of five years.
In addition to these matters, the Board also approved C.S. Ketan Ravindra Shirwadkar having Mem No. F13938 and COP No. 15386 e as the Scrutinizer responsible for conducting the remote e-voting process in a fair and transparent manner.
Acquisition Details of Sevasarthi Info Solution Private Limited
The acquisition involves Sevasarthi Info Solution Private Limited, which operates within the IT enabled Services industry. The investment is intended to help increase domestic market presence, enter new regions, and access new customer segments.A summary of the target entity and the transaction details are provided in the table below:
| Particulars | Details |
|---|---|
| Target Entity | Sevasarthi Info Solution Private Limited (CIN: U63119MH2026PTC467535) |
| Industry | IT enabled Services |
| Stake Acquired | 19% (1900 Shares) |
| Consideration | Cash consideration. Cost not exceeding Rupees Nineteen Thousand Only (219,000). |
| Acquisition Timeline | Within one month. |
The transaction has been determined to be a Related Party Transaction because Ms. Forum Kapashi Promoter of the Company is also a Promotor cum Director of Sevasarthi Info Solution Private Limited. However, the acquisition was conducted at an arm's length basis and does not fall under the material related party definition.
Stock Price Movement
Prodocs Solutions Ltd closed the trading day at ₹161.00, recording a gain of 1.9% in the market session. Shares experienced notable intraday swings, moving from a low of ₹153.00 to test a high of ₹161.00.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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