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Awaiting price reaction for this filing.
Keerthi Industries has received the INR 36 Crore consideration from Hyderabad Bottling Co. Private Limited for the slump sale of its Electronics Division, completing the transaction on December 1, 2025. The Electronics Division contributed about 20% (INR 24.29 Crores) of the company's total income of INR 122.23 Crores in FY 2024-25. Sale proceeds will be used to repay bank facilities (term loans and cash credit of INR 29.11 Crores outstanding) and unsecured loans (INR 26.54 Crores outstanding). The transaction is classified as a related party deal since buyer and seller share joint control, but was conducted at arm's length basis per an independent valuation dated May 29, 2025. The original Business Transfer Agreement was signed on May 29, 2025, and no change in the shareholding pattern is expected.
Positive for shareholders — meaningful debt repayment is expected to strengthen the balance sheet and save approximately INR 3.6 Crores annually in interest costs, boosting profitability. The company can sharpen its focus on its core cement business (Suvarna Cements brand, since 1986), which may support improved returns going forward.