Krishna Defence Forms Joint Venture for Composite Solutions
Krishna Defence and Allied Industries Limited announced the formation of a joint venture, Krishna Vabo Defence Composites Private Limited, on April 2nd, 2026. The venture is a collaboration with Vabo Netherlands and aims to manufacture cutting-edge composite solutions for the defence and maritime industries.Krishna Defence subscribed Rs. 51,000, representing a 51% stake in the newly formed company. The joint venture will focus on the trading, development, manufacturing, and distribution of ship doors and hatches made of composite materials, along with complementary products and accessories, primarily targeting ASEAN countries.
Authorized Capital of Krishna Vabo Defence Composites Private Limited is Rs. 1,00,000, with a paid-up capital of Rs. 1,00,000. The initial subscription by Krishna Defence was made in cash. The joint venture does not fall within the purview of Related Party Transaction and no governmental or regulatory approvals were required for the incorporation.
Details of the Joint Venture:
| Detail | Information |
|---|---|
| Name of Entity | Krishna Vabo Defence Composites Private Limited |
| Authorized Capital | Rs. 1,00,000 |
| Paid-up Capital | Rs. 1,00,000 |
| Krishna Defence Stake | 51% |
| Business Focus | Manufacturing of composite products, ship doors and hatches |
| Incorporation Date | April 2, 2026 |
| Consideration | Cash |
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