RMS Mosquto Private Limited entered into a share purchase agreement to acquire 19.83% stake in A. F. Enterprises Limited from Indodan Industries Limited for INR 0.05 million in cash on October 12, 2013. RMS Mosquto will pay INR 1.05 per share as consideration for 0.05 million shares. RMS Mosquto Private has also made an offer to acquire 26% of the expanded paid up capital of A. F. Enterprises post proposed Preferential allotment approved by the Board of Directors on September 6, 2013. RMS Mosquto intends to take control and management over A. F. Enterprises and make changes in its Board of Directors. A. F. Enterprises reported total revenue of INR 1.1 million, net income of INR 0.11 million and earnings per share of INR 0.05 million for the year ended March 31, 2013. The share purchase agreement is subject to the compliances of provisions of SEBI (SAST) Regulations. Sobhagya Capital Options Ltd acted as the manager in the transaction.

RMS Mosquto Private Limited completed the acquisition of 19.83% stake in A. F. Enterprises Limited from Indodan Industries Limited on January 1, 2014.