KDDL Limited has informed the Exchange about Acquisition
KDDL · price
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KDDL Limited has subscribed to a Rights Issue of its subsidiary, Artisan Watch Products Private Limited, by acquiring 24,00,000 additional equity shares of Rs. 10 each at par, totalling Rs. 2.4 Crores in cash. With this acquisition, KDDL's stake in Artisan Watch Products has increased to 80% (40,00,000 shares out of 50,00,000). The subsidiary, incorporated in March 2025, operates in the watch products segment and has just commenced commercial operations with a negligible turnover of Rs. 3.61 lakhs so far. Promoter Yashovardhan Saboo continues to hold 20% in the subsidiary, and the transaction is confirmed to be at arm's length.
This is a follow-on investment by KDDL into its own newly-formed watch products subsidiary, increasing its ownership to 80%. Since the subsidiary is in its very early stage with minimal operations, the financial impact on KDDL's consolidated numbers is likely limited in the near term, though it signals management's commitment to scaling the watch business. No major positive or negative stock price trigger is expected as this is essentially internal capital infusion into a subsidiary.