IT Trailblazers Resources Private Limited entered into an agreement to acquire 60.57% stake in Shalimar Agencies Limited (BSE:539895) from Quebec Tech Solutions Private Limited for INR 21.8 million on April 22, 2021. In a related transaction, IT Trailblazers Resources Private Limited launched an offer to acquire 26% stake in Shalimar Agencies Limited (BSE:539895) for INR 9.4 million. As a part of the transaction, IT Trailblazers Resources Private will acquire 1.82 million shares for INR 12 per share. The SPA is subject to the compliances of provisions of Securities and Exchange Board of India SAST Regulations and in case of non-compliances with the provisions of Securities and Exchange Board of India SAST Regulations, the SPA shall not be acted upon.