IPSL Completes Acquisition Of Remaining ICTPL Stake

Mumbai, May 15: Integrated Personnel Services Limited approved the acquisition of the remaining 18.83% equity stake in Informatic Connecting Tech Private Limited (ICTPL) for ₹1.79 crore, according to an exchange filing.

The company stated that the acquisition follows its earlier Share Purchase and Share Subscription Agreement executed in July 2025 for acquiring 100% shareholding in ICTPL.

As per the filing, the board approved payment of ₹1,78,91,040 in cash to ICTPL shareholders towards acquisition of the remaining 1,962 equity shares of face value ₹10 each.

ICTPL operates in software design, development, implementation and web-based application services. The company specialises in software solutions, hosting platforms and internet-based services.

Integrated Personnel Services stated that the acquisition is intended to strengthen its presence in Human Resource Management Systems (HRMS) through a Software-as-a-Service platform aimed at improving employee engagement and operational efficiency.

According to the disclosure, ICTPL recorded turnover of ₹1.36 crore during the financial year ended March 31, 2025.

The board meeting commenced at 6:00 PM IST and concluded at 6:20 PM IST on May 14, 2026.

Stock Market Snapshot

Integrated Personnel Services shares remained unchanged during trading on May 15, 2026.

As of 11:45 AM IST on May 15, 2026, the stock was quoting at ₹215 on the NSE SME platform, unchanged from the previous close, according to exchange data visible in the trading snapshot provided.

The IPSL share price showed limited trading activity during the session, with no visible change in open, high, low or closing levels at the time of reporting.

The stock’s one-week return stood at negative 8.90%, while the year-to-date return remained negative 20.37%, according to exchange trading data shown in the market screen.

Company Background

Integrated Personnel Services Limited operates in the staffing, recruitment and workforce management segment.

The company provides manpower solutions, HR outsourcing and workforce-related services across sectors. Through the ICTPL acquisition, IPSL is expanding into software-enabled HRMS and SaaS-based employee management platforms.

ICTPL, incorporated in October 2013, has operations spanning software development, web solutions, implementation services and cloud-hosted application platforms with presence in India and overseas markets.

Conclusion

The acquisition of the remaining ICTPL stake marks IPSL’s move towards deeper integration of technology-led HR and SaaS capabilities within its staffing and workforce management operations.

The transaction also reflects increasing convergence between traditional HR services and software-based workforce management platforms. However, the stock remained largely inactive during the trading session following the announcement.

Source:

• https://www.nseindia.com/get-quote/equity/IPSL/Integrated-Personnel-Services-Limited
• https://nsearchives.nseindia.com/corporate/IPSL_14052026185742_Outcome.pdf