NSEGeneral Updates1d ago · 17 Sept 2026, 03:15 pm
General Updates
Crizac Limited · CRIZAC
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Crizac Limited has revised its proposed acquisition of Compulsory Convertible Preference Shares and Compulsory Convertible Debentures of Edument Consultancy Private Limited, following a shareholder's withdrawal of consent for sale. The aggregate consideration for the acquisition has been revised from ₹1,24,76,944/- to ₹1,23,73,290/-.
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Full Announcement
Crizac Limited has informed the Exchange about regard to disclosure dated June 15, 2026 on proposed Acquisition of Compulsory Convertible Preference Shares and Compulsory Convertible Debentures of Edument Consultancy Private Limited.
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CRIZAC0301_17092026151513_Reg_30__chandrashekhar.pdf
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Date: September 17, 2026
To To
National Stock Exchange of India Ltd BSE Limited
Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Dalal
Bandra Kurla Complex, Bandra (E), Street Mumbai – 400001
Mumbai 400051 Scrip Code: 544439
Symbol: CRIZAC
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Update to Earlier Disclosure dated June 15, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, and in continuation of our disclosure dated 15 June 2026, we wish to inform
you that there has been a revision in the transaction earlier disclosed by the Company in relation
to the proposed investment in Edument Consultancy Private Limited (“Edument”).
Subsequently, Mr. Chandra Shekhar Sharma, one of the shareholders of Edument, has withdrawn
his consent for sale of 107 CCPS, amounting to ₹1,03,654/-, held by him. Accordingly, the
acquisition of the said 107 CCPS shall not be undertaken. The consideration of ₹1,03,654/- paid
by the Company towards the said 107 CCPS has been received back by the Company.
Consequently, the aggregate consideration for the acquisition stands revised from ₹1,24,76,944/-
to ₹1,23,73,290/-. Upon completion of the transaction and conversion of the acquired securities
into equity shares, the Company is expected to hold approximately 36.80% of the fully diluted
share capital of Edument, based on the acquisition of 5,337 CCPS, as against 37.41% based on
the earlier proposed acquisition of 5,444 CCPS.
Except for the aforesaid change, there is no other change in the transaction as previously
disclosed.
Thanking you,
For Crizac Limited
Kashish Arora
Company Secretary and Compliance Officer
Membership no: A38644
(033) 3544-1515 info@crizac.com www.crizac.com