Tanla Platforms Limited has announced the approval of a Scheme of Arrangement for the merger of its step-down subsidiary, Gamooga Softtech Private Limited, with its wholly owned subsidiary, Karix Mobile Private Limited. The Boards of Directors of both Karix and Gamooga approved the merger on April 24, 2025.
Key Details of the Merger:
Entities Involved:
Transferee Company: Karix Mobile Private Limited
Transferor Company: Gamooga Softtech Private Limited
Turnover (as of March 31, 2025):
Karix Mobile Private Limited: ₹2,333.87 crore
Gamooga Softtech Private Limited: ₹46.19 crore
Nature of Transaction: The merger is between Karix and its wholly owned subsidiary, Gamooga. As such, it does not constitute a related party transaction under Section 188 of the Companies Act, 2013, and no cash consideration is involved.
Business Areas:
Karix Mobile Private Limited: Provides enterprise-grade messaging and communication solutions, including SMS, voice, email, and other messaging platforms.
Gamooga Softtech Private Limited: Specializes in marketing automation and customer engagement solutions, focusing on data analytics to enhance business decision-making and customer relationships.
Rationale for Merger: The merger aims to consolidate business operations, streamline the group structure, and achieve operational efficiencies. It is expected to enhance organizational capability and result in cost savings and compliance efficiency.
The merger is subject to necessary statutory and regulatory approvals, including those from regulatory authorities and the respective members and creditors of each company involved in the Scheme.
