SYNOPSIS: Quicktouch Technologies seeks Board approval to sell its wholly owned subsidiary, Vidyahub, for Rs. 12 crore and to reallocate Rs. 12.31 crore of unutilized preferential issue proceeds toward increased working-capital requirements.
Shares of a leading technology-driven enterprise specialising in EdTech, FinTech, and software solutions, hit a 10 percent lower circuit on Tuesday, after the Board of the company approved two key proposals, including the sale of its wholly-owned subsidiary to enhance financial flexibility.
With a market cap of Rs. 34.3 crores, shares of Quicktouch Technologies Limited hit a 10 percent lower circuit and closed in the red at Rs. 29.05 on NSE, as against its previous closing of Rs. 32.25.
The stock hit its 52-week high at Rs. 130.15 on 4th December 2024, and is trading at a discount of around 78 percent from Tuesday’s closing levels.
What’s the News:
As per the latest regulatory filings with the NSE, Quicktouch Technologies Limited has informed that the Board of Directors, through a resolution passed by circulation on 25th November 2025, has approved the Postal Ballot Notice seeking shareholders’ approval on two key proposals.
The first proposal relates to a Material Related Party Transaction involving the sale of the company’s 100 percent shareholding in Vidyahub Private Limited, a wholly owned subsidiary. The Board has approved seeking shareholder consent for the sale of 10,000 equity shares, representing 100 percent of Vidyahub’s paid-up capital, to Hilum Commodities Private Limited, a related party, for a total consideration of Rs. 12 crores.
The rationale behind the proposed transaction is to streamline the company’s business structure and utilise the proceeds for strengthening financial flexibility and supporting future strategic initiatives.
The second proposal approved by the Board pertains to the re-appropriation of unutilized preferential issue proceeds amounting to nearly Rs. 12.31 crore. The company intends to deploy this amount toward working capital requirements, citing an expansion in operational scale and increased day-to-day funding needs. This reallocation represents a change in the original objects of the issue for which the funds were raised.
Quicktouch Technologies had raised Rs. 45.67 crore through a preferential allotment of equity shares in September 2024. Of this, Rs. 33.36 crore has been utilised in line with the stated objectives outlined in the offer letter and accompanying disclosures. The remaining Rs. 12.31 crore continues to remain unutilized and is now proposed to be repurposed for working capital purposes.
Financials & More:
Quicktouch Technologies reported a near-complete collapse in revenue, with revenue from operations experiencing a year-on-year decrease of around 100 percent, from Rs. 24.2 crores in Q2 FY25 to Rs. 0.01 crores in Q2 FY26.
Correspondingly, the company swung to a net loss of Rs. 3.2 crore, compared with a net profit of Rs. 2.06 crore in the same period last year, reflecting a significant deterioration in financial performance.
Quicktouch Technologies Limited is a technology-driven company engaged in the business of offering a diverse range of solutions in the fields of Edutech, Fintech, and IT-enabled services.
Written by Shivani Singh
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