Qualitek Labs

Qualitek Labs' board approved a preferential issue of up to 386,000 equity shares at ₹518.55 apiece for about ₹20.02 crore and up to 520,000 fully convertible warrants at the same price for about ₹26.96 crore to promoter entity TIC Services Private Limited. The equity portion covered 26 allottees and was led by Ashish Rameshchandra Kacholia with 173,200 shares, while the warrants carried an 18-month tenure with 25% payable on allotment and the balance on exercise. The board called an extraordinary general meeting for 16 October 2026 to seek shareholder approval for both issues. The company had raised ₹51.72 crore in August 2024 through a preferential allotment of 26,07,600 shares at ₹198.33 and had taken Interstellar Testing Centre Private Limited to full ownership in September 2025 via a 16,72,531-share swap valued at about ₹52 crore. Consolidated revenue was ₹124.52 crore in the year to March 2026 against standalone revenue of ₹67.62 crore, with the group operating 10 owned laboratories and six public-private-partnership facilities.

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Qualitek Labs has been granted accreditation by the National Accreditation Board for Certification Bodies (NABCB) under ISO/IEC 17020:2012 as a Type A Inspection Body. The accreditation, effective immediately, allows the company to offer inspection services in sectors including mining and quarrying, basic metals, machinery, electrical and optical equipment, transport equipment, water supply, and other social services. The company sees opportunities across solid fuels, railway wagons and rolling stock, defence supply chains, automotive OEMs, electronics manufacturers, and government water projects. Management described the milestone as important for the company’s low-capex, asset-light inspection business and its ambition to become a comprehensive quality assurance partner.

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Interstellar Testing Centre, a wholly owned subsidiary of Qualitek Labs, has received two work orders from Indian Oil Corporation. The first is a ₹3.01 crore contract for lab operation and management at IOCL’s 2G ethanol quality control laboratory, and the second is a ₹75.4 lakh contract for testing water, wastewater, ethanol, and process chemicals. Both contracts span 24 months and were awarded through the Government e-Marketplace, with the site to be handed over within 15 days.

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July 22 (Reuters) - Qualitek Labs Ltd QUAE.BO:

• TO CONSIDER RAISING OF FUNDS VIA PREFERENTIAL ALLOTMENT OF SHARES

Source text for Eikon: ID:nBSEbTqMfQ

Further company coverage: QUAE.BO

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March 12 (Reuters) - Qualitek Labs Ltd QUAE.BO:

• RECEIVED WORK ORDER WORTH 100 MILLION RUPEES

• ALSO RECEIVED WORK ORDER OF 32.5 MILLION RUPEES

• GETS WORK ORDER WORTH 100 MILLION RUPEES PER ANNUM FOR SAMPLING AND QUALITY CERTIFICATION OF COAL DISPATCH

Source text for Eikon: ID:nBSE96Rhfm

Further company coverage: QUAE.BO

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