BSECompany Update7h ago · 25 Sept 2026, 12:06 pm
Intimation regarding withdrawal of acquisition of M/s ICM Insurance Brokers Private Limited
Ikoma Technologies Ltd · 531997
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Ikoma Technologies Ltd has withdrawn its in-principle application for a rights issue and also withdrawn its proposed acquisition of M/s ICM Insurance Brokers Private Limited due to the cancellation of the rights issue.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10
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Full Announcement
Ikoma Technologies Ltd - 531997 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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IKOMA TECHNOLOGIES LIMITED
(Formerly known as Vuenow Infratech Limited)
CIN: L62099MH1993PLC074167
Reg. Office: Office No. S-157, 2nd floor, Fantasia Multiplex Entertainment Complex,
Sector-30A, Vashi, Sanpada, Thane, Maharashtra-400703
Corporate Office: New No. 34 Old No. 77 Division B, III Floor Maddox Street Choolai, Vepery, Chennai,
Perambur Purasawalkam, Tamil Nadu- 600007
E-Mail- goodvalueirrigationltd@gmail.com; Website: https://ikoma.co.in/
To, Date: 25-09-2026
The Manager Scrip Code: 531997
BSE Limited, Symbol: IKOMA
Phiroze Jeejeebhoy Towers, ISIN: INE164D01010
Dalal Street Mumbai – 400001
Sub: Outcome of the Meeting of the Board of Directors of Ikoma Technologies Limited (Formerly
known as “Vuenow Infratech Limited”) held on 25th September, 2026 under Regulation 30 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Dear Sir/Ma’am,
With reference to the captioned subject and pursuant to Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that
the Board of Directors of Ikoma Technologies Limited (Formerly known as “Vuenow Infratech
Limited”), at its meeting held on Friday, 25th September, 2026, at the Corporate Office of the Company
situated at New No. 34, Old No. 77, Division B, III Floor, Maddox Street, Choolai, Vepery, Perambur
Purasawalkam, Tamil Nadu – 600007, inter alia, considered and approved the following matters:
1. Withdrawal of In-Principle Application filed with BSE Limited on 08th June, 2026 under Case
No. 270228
The Board of Directors considered and approved the withdrawal of the In-Principle Application
for the proposed Rights Issue filed with the Stock Exchange(s) on 08th June, 2026, under Case No.
270228.
The withdrawal of the aforesaid application is being undertaken in view of the proposed revision
in the objects/purpose of the Rights Issue and the consequential requirement to make a fresh In-
Principle Application with the Stock Exchange(s), in compliance with the applicable provisions of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR
Regulations”) and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
(“SEBI ICDR Regulations”), and other applicable laws, rules, regulations and regulatory
requirements.
2. Withdrawal of acquisition of M/s ICM Insurance Brokers Private Limited
The Board of Directors of the Company has approved the withdrawal of the proposed acquisition
of M/s ICM Insurance Brokers Private Limited, pursuant to the withdrawal of the proposed Rights
Issue of the Company.
IKOMA TECHNOLOGIES LIMITED
(Formerly known as Vuenow Infratech Limited)
CIN: L62099MH1993PLC074167
Reg. Office: Office No. S-157, 2nd floor, Fantasia Multiplex Entertainment Complex,
Sector-30A, Vashi, Sanpada, Thane, Maharashtra-400703
Corporate Office: New No. 34 Old No. 77 Division B, III Floor Maddox Street Choolai, Vepery, Chennai,
Perambur Purasawalkam, Tamil Nadu- 600007
E-Mail- goodvalueirrigationltd@gmail.com; Website: https://ikoma.co.in/
The proposed acquisition was intended to be funded through the proceeds of the aforesaid Rights
Issue. Since the Rights Issue has been withdrawn, the proposed source of funding for the
acquisition is no longer available. Accordingly, the Board has approved the withdrawal of the
proposed acquisition of M/s ICM Insurance Brokers Private Limited.
The meeting of Board of Directors commenced at 11:31 A.M. and concluded at 11:46 A.M.
You are requested to kindly take the above information on your records.
For and on behalf of
IKOMA Technologies Limited
(Formerly known as Vuenow Infratech Limited)
Paras Chand Jain
Whole-time Director
DIN: 10292545