Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Keerthi Industries has informed BSE that the completion of the slump sale of its Electronics Division to Hyderabad Bottling Co. Private Limited has been delayed by about two months, from September 30, 2025 to November 30, 2025, due to pending regulatory formalities and operational documentation. The transaction, originally agreed on May 29, 2025, involves a total consideration of INR 36 crore (excluding taxes), to be received in installments. The Electronics Division contributed INR 24.29 crore, or about 19.87% of the company's total income of INR 122.23 crore in FY24-25. Keerthi Industries' core business is cement manufacturing under the 'Suvarna Cements' brand; the buyer is a related party as both entities share joint control, and the deal is being done at arm's length based on an independent valuation. Proceeds will primarily go toward repaying bank facilities (INR 29.11 crore) and unsecured loans (INR 26.54 crore), with the company expecting annual interest savings of around INR 3.6 crore. Shareholders had already approved the deal on July 10, 2025, including any amendments, and no change in shareholding pattern is expected.
This is a procedural update extending the timeline by roughly two months; the underlying deal terms remain unchanged. For shareholders, the delay is minor and largely administrative, though any further slippage beyond November 30, 2025 could delay the expected debt reduction and interest savings, which are key to the rationale of unlocking value and strengthening the balance sheet.