Edtech firm PhysicsWallah has permitted the acquisition of an extra 11% stake in civil providers teaching platform Sarrthi IAS for Rs 71.81 crore.

It should purchase 1,100 fairness shares in money from current shareholders, rising its holding from 40% to 51%.

PhysicsWallah stated in a inventory alternate submitting that Sarrthi IAS, formally generally known as Guiding Mild Training Applied sciences Personal Restricted, will change into its subsidiary following completion of the transaction.

The corporate’s board has additionally permitted an addendum to the share buy settlement, revising the valuation methodology and buy worth for the second tranche of the acquisition.

It stated the modifications utilized solely to the second tranche. The phrases governing the remaining purchases, together with an EBITDA-based valuation mechanism, will stay unchanged.

The broader deal was agreed with Sarrthi IAS and its promoters in September 2025. It permits PhysicsWallah to amass as much as 85% of the enterprise in six tranches between the 2025-26 and 2030-31 monetary years.

PhysicsWallah accomplished the primary tranche by buying a 40% stake. Additional purchases are anticipated to be carried out underneath the present transaction agreements.

“The acquisition is anticipated to strengthen the corporate’s presence within the UPSC and civil providers examination preparation section and is aligned with its long-term strategic progress goals,” the corporate stated.

The deal was not a related-party transaction and that its promoters, promoter group and group corporations had no real interest in Sarrthi IAS.

A member of PhysicsWallah’s key administration serves as a nominee director on the Sarrthi IAS board. The edtech firm stated the transaction was being carried out at arm’s size and was supported by an impartial valuation report.

No authorities or regulatory approval is required for the acquisition, based on the submitting.

Sarrthi IAS was included in June 2023 and gives on-line and classroom-based teaching for India’s Union Public Service Fee civil providers examination and different aggressive assessments.

Its turnover rose from Rs 1.04 crore within the 2023-24 monetary yr to Rs 28.46 crore in 2024-25 and Rs 76.52 crore in 2025-26. The corporate reported internet value of Rs 33.96 crore and paid-up share capital of Rs 1 lakh.

PhysicsWallah’s newest submitting stated Sarrthi IAS will change into a subsidiary after its stake reached 51%. Nonetheless, PhysicsWallah’s monetary outcomes for the 9 months ended December 2025 had already stated it obtained management of the enterprise in September 2025 and included it in its listing of subsidiaries. The newest submitting didn’t clarify the distinction in classification.

The September 2025 acquisition construction and the sooner subsidiary and management classification are supported by PhysicsWallah’s official transaction and monetary disclosures.