Keerthi Industries Limited Announces Effective Date for Electronics Division Slump Sale
Keerthi Industries Limited, formerly Suvarna Cements Limited, announced that the effective date of the Business Transfer Agreement (BTA) for the sale and transfer of its Electronics Division is March 31, 2026. The agreement, initially approved by the Audit Committee and Board of Directors on May 29, 2025, and subsequently by shareholders on July 10, 2025, involves a slump sale to Keerthi Holdings Private Limited, formerly known as Hyderabad Bottling Co. Private Limited.The consideration for the sale is INR 36 crore, received as of December 1, 2025. Proceeds from the sale will be used to repay bank facilities consisting of term loans and cash credits, with any remaining funds used for unsecured loan repayment. The valuation was determined by an independent report dated May 29, 2025.
As of March 31, 2025, the Company’s Total Income (Turnover + Other Income) and Net Worth were INR 122.23 crore and INR 40.73 crore, respectively. The Electronics Business generated INR 24.29 crore in Total Income (Turnover + Other Income), representing 19.87% of the company’s total income for the fiscal year ending March 31, 2025.
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