The Board of Directors at its meeting held today approved the acquisition of Non-Performing Asset (NPA) by investing in CFM Asset Reconstruction Private Limited (CFMARC).
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Kalyan Capitals' Board, at its meeting on December 16, 2025, approved the acquisition of a Non-Performing Asset (NPA) belonging to Three C Facility Management Private Limited, which is being sold by ICICI Bank. Instead of buying the NPA directly, Kalyan Capitals will invest in CFM Asset Reconstruction Private Limited (CFMARC), an RBI-registered asset reconstruction company set up in 2015 under the SARFAESI Act, to acquire the NPA. The total cash consideration for the deal is INR 4 Crores, and completion is subject to conditions precedent detailed in the MOU. The transaction is not a related party transaction, and no promoter or group company has any interest in the target entity.
This marks a strategic pivot for Kalyan Capitals from its earlier metal industry identity into the financial asset reconstruction space. For shareholders, the INR 4 Crore deal is a modest investment, but the move into NPA acquisitions signals a new business direction that could attract attention from investors looking for exposure to distressed asset plays, though execution risk remains until the MOU conditions are met.