Recode Studios Executes Share Purchase Agreement for Acquisition of up to 51% Stake in Aflairza Professionals
On July 14, 2026, Recode Studios Limited signed a Share Purchase Agreement (SPA) with the existing shareholders and promoters of Aflairza Professionals Private Limited. The agreement outlines the acquisition plan by Recode Studios for up to 51% equity stake in the target company, Aflairza.The acquisition will be completed in two phases through a combination of secondary acquisition of equity shares from the existing sellers and subscription to fresh equity shares. Phase I is scheduled for completion by the end of July 2026, with the remaining portions of the transaction anticipated by February 2027. The SPA sets out the terms and conditions governing this proposed transaction and includes customary provisions regarding Board representation, voting rights, shareholder rights, and governance of Aflairza Professionals Private Limited.
Acquisition Details Overview
The agreement involves Recode Studios limited acquiring shares from Mr. Sagar Urvish Gandhi and Mr. Deep Dhiren Parekh, who are the sellers, with a total stake acquisition planned up to 51% in Aflairza Professionals Private Limited. The transaction is structured such that no shareholding currently exists for Recode Studios within the target company.Details regarding the significant terms of the agreement are as follows:
| Detail | Description |
|---|---|
| Purpose | Acquisition of up to 51% equity stake in Aflairza through a combination of secondary acquisition from Sellers and subscription to fresh equity shares in two phases. |
| Shares Issued | Equity Shares of face value ₹10/- each. The issue price and number of shares will be determined per the SPA terms. |
| Governance | The agreement includes provisions for Board representation, voting rights, shareholder rights, and governance of Aflairza Professionals Private Limited. |
| Nominee Director | Ms. Palak Trehan has been appointed as the nominee director of Recode Studios Limited on the Board of Aflairza Professionals Private Limited. |
The agreement confirmed that neither the parties involved nor their associated entities were related to promoter or promoter group companies, and the transaction was not classified as a related party transaction. The sellers are Mr. Sagar Urvish Gandhi (Seller 1), Mr. Deep Dhiren Parekh (Seller 2), and Aflairza Professionals Private Limited.
Stock Price Movement
Recode Studios Ltd. settled at ₹180.60 on Tuesday, sinking 3.29% in trading. Shares navigated an active intraday range, dipping down to a low of ₹179.00 but never achieving the high mark of ₹187.50.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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