Anka India Limited has announced a board meeting approving the allotment of 3.61 crore equity shares at ₹17 each on a preferential basis.

These shares were issued in exchange for 10,000 equity shares of Futech Internet Private Limited.

Amit Sharma and Arjit Sachdeva, currently non-promoters, will be reclassified as promoters post-completion of the open offer and necessary approvals.

This transaction signifies strategic inorganic growth and promoter control consolidation, impacting shareholder structure and potentially enhancing the company’s market positioning.