Ganesh Infraworld Limited Approves Further Investment in Kandoi Transport Limited
Ganesh Infraworld Limited announced that its Board of Directors approved a further investment in Kandoi Transport Limited, an unlisted public company, via a right issue. The Board meeting was held on April 11, 2026, commencing at 11:40 A.M. and concluding at 12:00 P.M.The approved transaction aims to support business growth and create operational synergies within the company.
Key details regarding the target entity and the proposed investment are outlined below:
The target entity, Kandoi Transport Limited, operates in the Transport and Mining Development and operator (MDO) industry. As of the nine months ended December 31, 2025, Kandoi Transport Limited recorded a turnover of Rs. 371.64 Cr, a Profit After Tax (PAT) of Rs. 18.14 Cr, and a Networth of Rs. 125.77 Cr.
The proposed transaction involves a cash consideration of Rs. 2,20,60,200/- (Rupees Two Crore Twenty Lakhs Sixty Thousand Two Hundred Only), to be remitted through a normal banking channel. This consideration covers the subscription of 2,20,602 equity shares, each having a face value of Rs. 100.
Prior to the transaction, Ganesh Infraworld Limited held a 39.78% equity stake in Kandoi Transport Limited, which was classified as an associate company. Following the completion of this transaction, the company's shareholding in Kandoi Transport Limited is set to increase to 60%, resulting in Kandoi Transport Limited becoming a subsidiary of Ganesh Infraworld Limited.
The indicative time period for the completion of this acquisition is on or before April 30, 2026.
For a detailed overview of the transaction parameters, the following table summarizes the financial and operational aspects:
| Particulars | Details |
|---|---|
| Target Entity Turnover (9 months ended Dec 31, 2025) | Rs. 371.64 Cr |
| Target Entity PAT (9 months ended Dec 31, 2025) | Rs. 18.14 Cr |
| Target Entity Networth (9 months ended Dec 31, 2025) | Rs. 125.77 Cr |
| Consideration Amount | Rs. 2,20,60,200/- |
| Number of Shares Acquired | 2,20,602 |
| Resulting Stake | 60% (making it a subsidiary) |
The historical turnover figures for Kandoi Transport Limited are as follows:
| Year | Turnover |
|---|---|
| March 31, 2025 | INR 548.58 Cr |
| March 31, 2024 | INR 412.35 Cr |
| March 31, 2023 | INR 359.38 Cr |
GANESHIN Stock Price Movement
On Friday, Ganesh Infraworld Limited shares rallied, closing at ₹78.35 after edging up 7.67% for the session. The stock traded on a high volume of 181,600 shares, concluding the day near its upper range established at ₹78.70.Source:
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