Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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JK Agri Genetics Ltd (JKAGL) has disclosed that its equity shareholding in JK Agri Research Services Limited (JKARSL) has come down from 49% to 8.16%. This drop happened because JKARSL expanded its equity capital base, which diluted JKAGL's percentage holding. As a result, JKARSL has ceased to be an associate company of JKAGL. The change is purely a passive dilution from a new equity issuance by JKARSL, not a sale by JKAGL. This follows an earlier communication dated 7th January 2025 regarding the same matter.
JKAGL will no longer account for JKARSL as an associate, which may change how its financials are consolidated or reported going forward. The economic value of JKAGL's stake in JKARSL may be diluted, but no shares were sold, so there is no direct cash impact. For shareholders, this is a structural change in the company's portfolio of investments rather than an operational development.