Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), we wish to inform that the Board ....
KAMAHOLD · price
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Kama Holdings' Board has approved the disposal of up to 3% of the paid-up share capital of SRF Limited, its material subsidiary, subject to shareholder approval via special resolution. This disposal could bring Kama Holdings' shareholding in SRF below 50%. SRF is Kama Holdings' core asset, contributing 99.51% of turnover (₹14,82,579 lakhs) and 87.50% of net worth (₹6,34,004.65 lakhs) to the consolidated entity. The shares will be sold in the open market, with no promoter group involvement. The expected timeline for completion is up to March 31, 2027, and the consideration amount has not been determined yet.
This is a significant move since SRF is essentially Kama Holdings' entire operating business. Reducing the stake below 50% could change the classification of SRF from a subsidiary to an associate, which may affect consolidation accounting and future earnings visibility for Kama Holdings shareholders. Investors should watch for the actual sale execution and any changes in how SRF's financials flow into Kama Holdings' reported numbers.