Kilburn Engineering Ltd. to Sell 40% Stake in Subsidiary KEEPL to East End Technologies Private Limited
Kilburn Engineering Ltd. has announced a significant change in the shareholding structure of its wholly owned subsidiary, Kilburn East End Private Limited (KEEPL). The company has entered into a Joint Venture Agreement detailing the sale of a 40% equity stake in KEEPL to East End Technologies Private Limited (EETPL).The development follows an earlier term sheet executed between Kilburn Engineering Limited and EETPL, which initially proposed a 60:40 ownership split. With the execution of the Joint Venture Agreement on April 14, 2026, Kilburn Engineering Ltd. agreed to transfer 40% of KEEPL’s equity share capital to EETPL, subject to fulfillment of pre-agreed conditions.
As a result of this sale, KEEPL ceases to be a wholly owned subsidiary of Kilburn Engineering Ltd., although it remains a subsidiary of the parent company.
Key Transaction Details
The transaction involves the transfer of a 40% equity stake in KEEPL to EETPL. According to the company's details, KEEPL was incorporated on January 28, 2026, with an authorized and paid-up share capital of INR 10,00,000.EETPL is identified as an independent third party and is not affiliated with the promoter or group companies of Kilburn Engineering Ltd. Furthermore, the company confirmed that the transfer of the 40% equity stake to EETPL is not classified as a related party transaction.
The consideration for the transfer of the 40% equity stake is set at Rs. 4,00,000, corresponding to 40,000 equity shares, each with a face value of Rs. 10/-.
Completion Timeline and Ownership Status
The Joint Venture Agreement stipulates that the actual transfer of shares is expected to be completed within 60 days from the date of the Agreement, in accordance with Section 56 of the Companies Act, 2013.The material details regarding the stake transfer are summarized below:
| Particulars | Detail |
|---|---|
| Company | Kilburn Engineering Ltd. |
| Subsidiary | Kilburn East End Private Limited (KEEPL) |
| Buyer | East End Technologies Private Limited (EETPL) |
| Stake Transferred | 40% |
| Transaction Date | April 14, 2026 |
| Consideration Received | Rs. 4,00,000 |
| Expected Completion | Within 60 days of Agreement date |
The transaction is structured via the Joint Venture Agreement, and no separate share sale agreement has been executed for the transfer of the stake.
Stock Price Movement
Kilburn Engineering Ltd shares finished Monday at ₹486.50, shedding 2.04% for the session. The stock saw significant intraday movement, finding support between a low of ₹481.10 and an earlier high of ₹495.75.Source:
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