Kranti Industries Ltd. to Disinvest Stake in Subsidiary Company
Kranti Industries Ltd. announced on March 25, 2026, that its Board of Directors approved a proposal to disinvest up to 10,00,000 equity shares, representing 15.22% of the paid-up share capital of Preciso Metall Private Limited, a subsidiary company. Following the disinvestment, Preciso Metall Private Limited will cease to be a subsidiary of Kranti Industries Ltd.Preciso Metall Private Limited is not considered a material subsidiary of the company.
During the last financial year, Preciso Metall Private Limited contributed a turnover of ₹737.92 million, representing 9.40% of Kranti Industries Ltd.'s consolidated turnover. The subsidiary's net worth was a negative ₹190.04 million, accounting for 4.58% of the consolidated net worth.
The Board has authorized an Investment Committee to finalize the details of the sale, including the consideration received and whether the transaction will be treated as a related party transaction. Further details regarding the buyer and confirmation of whether they belong to the promoter or group companies will be provided in due course. The expected date of completion of the sale and disposal will be updated subsequently.
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