Rockingdeals Circular Economy Limited has made a significant step towards enhancing its control over its subsidiary, Sustainquest Private Limited, by acquiring the remaining 42% equity shares. This acquisition transforms Sustainquest into a wholly owned subsidiary of Rockingdeals Circular Economy Limited.

Details of the Acquisition

The acquisition, completed on February 28, 2025, was finalized with a cash payment of Rs. 42,000 for the 4200 equity shares of Sustainquest Private Limited, each valued at Rs. 10. This acquisition is part of Rockingdeals Circular Economy Limited's strategic, financial, and operational considerations, aligning the subsidiary’s objectives with the parent company's long-term goals.

Regulatory Compliance

The acquisition has been disclosed as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The transaction, falling within the category of related party transactions, was conducted at arm's length as Sustainquest Private Limited is a wholly owned subsidiary of Rockingdeals Circular Economy Limited.

Key Details of the Acquisition

• Target Entity: Sustainquest Private Limited (SQPL)

  • CIN: U27500HR2024PTC124801

  • Authorized Capital: Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each.

  • Industry: Pre-owned Products, focusing on digital products, consumer electronics, and services.

  • Acquisition Price: Rs. 42,000 for 4200 equity shares at Rs. 10 each.

  • Ownership Post-Acquisition: 100% of Sustainquest Private Limited acquired by Rockingdeals Circular Economy Limited, making it a wholly owned subsidiary.

Strategic Objectives Behind the Acquisition

The acquisition was driven by the need for strategic control, as it enables Rockingdeals Circular Economy Limited to streamline decision-making, implement standardized policies, and improve operational efficiency across its subsidiary. Full ownership ensures better alignment with the parent company’s long-term vision and operational objectives.

Sustainquest’s Business Overview

Prior to the acquisition, Sustainquest Private Limited did not have any significant turnover. The company specializes in innovative consumer technology aimed at managing services around consumer durables, electronics, and appliances, particularly in the retail and e-commerce sectors. This strategic acquisition positions Rockingdeals Circular Economy Limited to better manage the digital product and service operations in a growing sector.

No Regulatory Approvals Needed

The acquisition did not require any governmental or regulatory approvals, as it was an internal transaction within the group companies.

Conclusion

The acquisition of Sustainquest Private Limited by Rockingdeals Circular Economy Limited marks a key move in consolidating their position in the market. The transaction ensures complete control over Sustainquest's operations and supports the company’s vision of enhancing efficiency, decision-making, and strategic alignment. The related party transaction was carried out in compliance with SEBI regulations, ensuring full transparency and adherence to legal requirements.

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