Atul Auto invests Rs 18.34 cr in subsidiary KAFL via rights issue
ATULAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.9 pts less than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Atul Auto invested Rs 18.34 crore in wholly-owned subsidiary Khushbu Auto Finance (KAFL), its NBFC arm that finances three-wheelers, via rights issue at Rs 20.07 per share. Total investment in KAFL now stands at Rs 96.15 crore. Shareholding remains unchanged at 100%. Proceeds will be used by KAFL to redeem preference shares issued to promoters in 2021. KAFL posted Rs 45.83 crore turnover and Rs 2.94 crore PAT in FY26.
Capital infusion strengthens financing arm for three-wheeler sales. No change in parent shareholding. Largely neutral for parent stock.