NSEAcquisition1d ago · 17 Sept 2026, 05:45 pm

Acquisition

Rays of Belief Limited · MOMSBELIEF

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Rays of Belief Limited has informed the Exchange regarding the Intimation for further Investment in the share capital of Mom's Belief US Inc, Wholly Owned Subsidiary of the Company.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

Rays of Belief Limited has informed the Exchange regarding the Intimation for further Investment in the share capital of Mom''s Belief US Inc, Wholly Owned Subsidiary of the Company

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ROBL_17092026174501_Intimation_for_Investment_in_Subsidiary.pdf

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Rays of Belief Limited Date: September 17, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/1 Phiroze Jeejeebhoy Towers Block G, Bandra-Kurla Complex, Dalal Street Bandra (East), Mumbai-400051. Mumbai-400 001. Scrip Symbol: MOMSBELIEF Scrip Code: 544906 Sub: Intimation of further investment in Mom’s Belief US Inc,Wholly Owned Subsidiary of the Company under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir/ Madam, In furtherance to the Objects of the Initial Public Offer (“IPO”) as per the prospectus of the Company dated September 08, 2026 and pursuant to Regulation 30(6) read with Schedule III Part A Para A (1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you that the Company has made a further investment in Mom’s Belief US Inc, Wholly Owned Subsidiary of the Company, through right issue. The details as required under Regulation 30 of the SEBI Listing Regulations read with Annexure 18 of the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026, are enclosed herewith as Annexure- A. We request you to kindly take the same on record. Thanking You, For Rays of Belief Limited (Formerly known as Rays of Belief Private Limited) Mayank Bhargava Company Secretary ICSI Mem. No. A53418 Date:17.09.2026 Place: Gurugram Rays of Belief Limited (Formerly known as Rays of Belief Private Limited) Corp office - 18/1, T Block, Near DLF City Club, DLF Phase III, Sector 24, Gurugram 122001,INDIA Tel: 0124-4075498; Email: contact@momsbelief.com Regd. Office – J-1919, Basement, Chittranjan Park, New Delhi – 110 019; CIN: U85110DL2017PLC322623 Rays of Belief Limited Annexure – A Details required as per Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 S. Details of Events required to be disclosed Disclosure(s) 1 Name of the target entity, details in brief such as size, Name of Entity: Mom’s Belief US turnover etc. Inc. (wholly owned subsidiary of the Company) Date of Incorporation - April 04, 2025 Paid up Capital: as on 31st March 2026 is USD 100 Turnover: as on 31st March 2026 is USD 38,25,615 2 Whether the acquisition would fall within related party The transaction fall under related transaction(s) and whether the promoter/ promoter group/ party transaction and is at arm’s group companies have any interest in the entity being length. acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” Except to the extent of shares held by the company in Mom’s Belief US Inc, none of the promoter/promoter group has any interest in its WOS. 3 Industry to which the entity being acquired belongs Healthcare Industry 4 Objects and impact of acquisition (including but not The acquisition will enable the limited to, disclosure of reasons for acquisition of target Company to leverage the existing entity, if its business is outside the main line of business of capabilities, infrastructure and the listed entity); expertise of the target entity and explore opportunities for providing specialised healthcare services. 5 Brief details of any governmental or regulatory approvals No specific government/statutory required for the acquisition approvals is required except compliances under Foreign Exchange Management Act, 1999. 6 Indicative time period for completion of the acquisition Shares acquired on 17th September, 2026 7 Consideration - whether cash consideration or share swap Cash or any other form and details of the same 8 Cost of acquisition and/or the price at which the shares are The Board has approved a further acquired investment equivalent to USD 2,000,000 (approximately Rays of Belief Limited (Formerly known as Rays of Belief Private Limited) Corp office - 18/1, T Block, Near DLF City Club, DLF Phase III, Sector 24, Gurugram 122001,INDIA Tel: 0124-4075498; Email: contact@momsbelief.com Regd. Office – J-1919, Basement, Chittranjan Park, New Delhi – 110 019; CIN: U85110DL2017PLC322623 Rays of Belief Limited INR.19.19 Cr.) at par value, i.e., USD 1 per share. 9 Percentage of shareholding / control acquired and / or There will be no change in number of shares acquired shareholding structure and the Company will continue to hold 100% of the share capital of Mom’s Belief US Inc., 10 Brief background about the entity acquired in terms of Brief background:_ The company products/line of business acquired, date of incorporation, engaged in the business of history of last 3 years turnover, country in which the specialises in the medical discipline acquired entity has presence and any other significant of allergy and immunology which is information (in brief) dedicated to the diagnosis, treatment and ongoing management of disorders related to the immune system and allergic conditions. Date of Incorporation: April 04, 2025 Country: United States of America History of last 3 years’ turnover: FY 2025-26: USD 38,25,615 Rays of Belief Limited (Formerly known as Rays of Belief Private Limited) Corp office - 18/1, T Block, Near DLF City Club, DLF Phase III, Sector 24, Gurugram 122001,INDIA Tel: 0124-4075498; Email: contact@momsbelief.com Regd. Office – J-1919, Basement, Chittranjan Park, New Delhi – 110 019; CIN: U85110DL2017PLC322623