As the conditions precedent to the transaction are still being fulfilled, the parties have mutually agreed to extend the timeline for acquisition to 31st August 2025.
KANCHI · price
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Kanchi Karpooram Ltd has informed BSE that the deadline for acquiring the remaining 49% equity shares in its subsidiary, Kanchi Agro Product Private Limited, has been mutually extended to 31st August 2025. Earlier communications on this acquisition were sent on 27th May 2025 and 30th June 2025. The extension is because the conditions required before the deal can be completed (conditions precedent) are still being worked on by both parties. No new terms or pricing changes have been disclosed — only the timeline has been pushed back by about a month.
The deal is still on track but delayed. For shareholders, this is a minor administrative update — the acquisition hasn't fallen through, but the slight delay may cause short-term uncertainty. Completion of this acquisition would make Kanchi Agro Product a wholly-owned subsidiary, simplifying the group's structure.