Link: https://links.sgx.com/1.0.0/corporate-announcements/QL67BA2MHF1XVWZJ/5b8f78f3381d4796f8ddba3955743ea97a8e7936363cb793207f6bdf68da8f98

Summary:

• Digilife Technologies finalized the acquisition of a 51% partnership interest in Brimax AAC Products LLP for INR 336.6 million (approx. S$4.9 million), establishing majority control.

• Completion followed shareholder approval at the EGM on 6 November 2025; deal closed on 20 November 2025.

• Condition precedent requiring an NOC from HDFC Bank was waived, with Digilife now co-guaranteeing Brimax's INR 533 million (S$7.75m) outstanding loan alongside sellers.

• Sellers agreed to indemnify Digilife against any payment obligations arising from the corporate guarantee.

• Credit facilities remain secured by Brimax assets, sellers’ personal guarantees, six pledged properties, and a new INR 100 million (S$1.45m) fixed deposit.

• Digilife will consolidate Brimax into group financials from completion date, and will provide further updates on guarantees as needed.

• Board is confident risks are mitigated by existing securities and seller indemnity.