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Innovana Thinklabs Ltd is engaged in the software and application development business, which directly provides services to create new applications and enhance the functionality of users and existing software products.
Innovana holds a 17.79% equity stake in AdCounty Media. Due to significant influence, it's classified as an Associate Company for accounting purposes, which will impact Innovana's financial reporting.
Innovana Thinklabs' wholly-owned subsidiary acquired 43% stake in newly incorporated Innovana Real Estate Private Limited for 0.0215 Cr. This marks the company's entry into the real estate sector.
Innovana Thinklabs reports Independent Director Mr. Hemant Koushik resigned due to preoccupation and personal commitments. This change impacts the company's board composition.