BSECompany Update6 Aug 2026 · 6 Aug 2026, 05:53 pm
Intimation of Updates on JV - Incorporation of JV Entity
Intellect Design Arena Ltd · 538835
✦ AI SummaryJoint Venture
Intellect Design Arena Ltd has announced the incorporation of the joint venture entity, Project Purple Ventures Limited, in the United Kingdom as a private company limited by shares, as per the terms and structure envisaged in the definitive agreement.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Intellect Design Arena Ltd - 538835 - Announcement under Regulation 30 (LODR)-Updates on Joint Venture
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IDAL/2026-27/SE/69 August 6, 2026
National Stock Exchange of India Ltd Scrip Symbol - INTELLECT
BSE Ltd. Scrip Code - 538835
Dear Sir/Madam,
Sub: Incorporation of JV entity
With reference to our earlier disclosure bearing reference no. IDAL/2025-26/SE/113 dated March 16, 2026,
we wish to inform you that the Company has today received an intimation that the proposed joint venture
entity has been duly incorporated in the United Kingdom as a private company limited by shares, under the
name "Project Purple Ventures Limited", pursuant to a Certificate of Incorporation issued by the Registrar
of Companies for England and Wales, Companies House, dated August 4, 2026.
The said entity has been incorporated as per the terms and structure envisaged in the definitive
agreement(s) referred to in our aforementioned disclosure, with the Company being one of the subscribers
to the Memorandum of Association of the said entity.
Kindly take the above information on record.
Yours Truly,
For Intellect Design Arena Limited
Prakash Bharadwaj
Company Secretary and Compliance Officer
ACS-37214