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SIS LIMITED — Capital/Financing Update 2025
Jul 14, 2025
60900_rns_2025-07-14_bce6907b-8ee4-4b03-8c04-dad701b3a6cb.pdf
Capital/Financing Update
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July 14, 2025
National Stock Exchange of India Limited Exchange Plaza C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051 NSE Symbol: SIS
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400001 Company Code: Equity: 540673 Debt: 976573
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We wish to inform you that the Investment Committee of SIS Limited (“ SIS ”) has, in its meeting held today i.e, Monday, July 14, 2025, has approved an investment of up to INR 8 crores through primary and secondary transaction in Installco Wify Technology Private Limited (“ Wify ”), by way of: (a) acquisition of equity shares from the existing shareholders, as a secondary investment; and (b) subscription to Compulsorily Convertible Preference Shares as a primary investment, aggregating to a total shareholding of 4.56%.
The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as Annexure-A .
The meeting commenced at 12:05 p.m. and concluded at 01:20 p.m.
Kindly take the above information on record.
Thanking you.
Yours Sincerely, For SIS Limited
PUSHPA LATHA Digitally signed by PUSHPA LATHA KATKURI KATKURI Date: 2025.07.14 13:30:06 +05'30' Pushpalatha Katkuri Company Secretary and Compliance Officer
SIS Limited
Address for correspondence: #106, 1st Floor, Ramanashree Arcade, 18 MG Road, Bangalore- 560 001, Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801 E-mail ID: [email protected]
CIN: L75230BR1985PLC002083
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ANNEXURE A
Information required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
| a) | Name of the target entity, details in brief such as size, turnover etc.; |
Installco Wify Technology Private Limited (“Wify”), a company incorporated under the Companies Act, 2013 and has its registered office at D704 & R702 Remi Biz Court Off New, Link Rd Veera Desai Rd Andheri (W), Andheri, Mumbai, Maharashtra- 400053. For the financial year 2023–24, Wify reported revenue of INR 33.04 crores while the provisional revenue for FY 2024–25 stands at INR 49.27 crores. |
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| b) | whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at“arm’s length”; |
The proposed acquisition does not fall within related party transaction(s) and the promoter/ promoter group/ group companies of SIS do not have any interest in Wify. A member of the Senior Management of SIS will also be aligned by personally co-investing up to INR 30,00,000 _(Indian Rupees Thirty Lakhs only)_for the acquisition of equity shares from the existing shareholders. |
| c) | industry to which the entity being acquired belongs; |
Wify is a pioneer in the B2B2C home improvement services space. It has developed a full-stack platform that provides post-purchase services such as installation, warranty management, and repairs for home improvement products. By building a large, skilled workforce, Wify has created a playbook that effectively addresses the massive skills gap in India. |
| d) | objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); |
SIS had created the SIS Ventures program to invest in early stage tech-enabled companies that provide Synergistics adjacencies, and create value for its customers or employees. This investment fits under the Customer category since it provides significant benefits to our SBUs in the Security and Facility Management segment, particularly on B2C front. |
SIS Limited
Address for correspondence: #106, 1st Floor, Ramanashree Arcade, 18 MG Road, Bangalore- 560 001, Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801 E-mail ID: [email protected]
CIN: L75230BR1985PLC002083
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| e) | brief details of any governmental or regulatory approvals required for the acquisition; |
None | |
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| f) | indicative time period for completion of the acquisition; |
The primary and secondary transaction are expected to be completed before August 31, 2025. |
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| g) | consideration - whether cash consideration or share swap and details of the same; |
Cash Consideration | |
| h) | cost of acquisition and/ or the price at which the shares are acquired; |
SIS will invest upto INR 3,50,00,000_(Indian Rupees_ Three Crores Fifty Lakhs only)_as primary investment and upto INR 4,50,00,000(Indian Rupees Four Crores_ _Fifty Lakhs only)_as secondary investment. |
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| i) | percentage of shareholding/ control acquired and/ or number of shares acquired; |
Post the primary and secondary investment, SIS will have a total shareholding of approximately 4.56%(Four Point _Five Six Percent)_in Wify. |
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| j) | brief background about the entity acquired in terms of products/ line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief); |
Installco Wify Technology Private Limited incorporated on June 17, 2019 in Mumbai, Maharashtra is a B2B2C home improvement and maintenance company providing tech-enabled installation services to home furnishing brands. The company operates in 105 cities across India, has served over 178 B2B clients and 5 lakh+ B2B2C homes, and conducts approximately 50,000 services monthly. The turnover for the past three years is as follows: FY 24-25:INR 49.27 crores_(based on unaudited_ financial statements) FY 23-24:INR 33.04 crores FY22-23:INR 23.52 crores FY21-22: INR 10.95 crores |
SIS Limited
Address for correspondence: #106, 1st Floor, Ramanashree Arcade, 18 MG Road, Bangalore- 560 001, Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801 E-mail ID: [email protected]
CIN: L75230BR1985PLC002083