Digilife Technologies Limited Completes Strategic Disposal of Bharat IT Services Ltd.

Key Developments and Potential Impact on Shareholders

Digilife Technologies Limited (the “Company”), a Singapore-incorporated entity listed on the Catalist board, has announced the successful completion of a significant corporate action: the full divestment of its entire shareholding interests in Bharat IT Services Ltd.. This transaction, categorized as a major transaction under the Catalist Rules, is likely to have important implications for current and prospective shareholders.

Key Highlights of the Disposal

• Completion Date: The disposal was finalized on 21 January 2026, following the fulfillment of all conditions precedent related to the transaction.
• Consideration Received: The Company has received the Tranche 2 Consideration amounting to S\$1,114,268 from the purchaser, marking the completion of the agreed payment terms.
• Change in Ownership: Following the transaction, the purchaser now holds 100% of the issued and paid-up share capital of Bharat IT Services Ltd. Digilife Technologies Limited no longer retains any shareholding in the entity.
• Regulatory Oversight: The transaction has been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd., as required under Catalist regulations, but has not been examined or approved by the Singapore Exchange Securities Trading Limited.

Shareholder Information and Price-Sensitive Aspects

• Major Transaction Status: As this is classified as a major transaction, it represents a strategic realignment of the Company’s investment portfolio and business direction.
• Capital Impact: The receipt of S\$1,114,268 as the final consideration tranche is a direct capital inflow, which can enhance the Company’s liquidity position and may provide resources for future investments, capital returns, or operational needs.
• Strategic Implications: With the full divestment of Bharat IT Services Ltd., shareholders should note that the Company has exited this asset entirely, potentially impacting the Company’s earnings profile and future business focus. Any future earnings, losses, or risks associated with Bharat IT Services Ltd. will no longer accrue to Digilife Technologies Limited.
• Potential Price Sensitivity: Investors should consider that the completion of a major transaction and the inflow of over S\$1.1 million could influence the Company’s share price, especially as the market digests the impact of the Company’s revised corporate structure and capital allocation.

Further Details

• Board Statement: The announcement was signed off by Shivani Srivastva Wadhwa, Executive Director and Vice Chairperson, reflecting senior management’s endorsement of the transaction’s completion.
• Contact for Sponsor: The Company’s sponsor is PrimePartners Corporate Finance Pte. Ltd., with Mr. Shervyn Essex as the contact person for any inquiries regarding Catalist compliance and sponsorship matters.

Conclusion

The completion of the proposed disposal of Bharat IT Services Ltd. marks a pivotal development for Digilife Technologies Limited. Shareholders and investors should closely monitor further disclosures from the Company, particularly regarding plans for the utilization of the disposal proceeds and any new strategic initiatives arising from this portfolio realignment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own financial advisors before making any investment decisions. The information is based on official company announcements and may be subject to further updates and clarifications.

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