Update on the amendment in the date of completion of Slump Sale of the Electronics division of the company.
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Keerthi Industries has informed BSE that the completion date for selling its Electronics Division to Hyderabad Bottling Co. Private Limited has been pushed back by about a month — from 30th November 2025 to 31st December 2025 — due to pending regulatory approvals, bank formalities, and operational documentation. The deal value remains INR 36 Crore, to be received in installments, and the proceeds are earmarked for repaying bank borrowings of INR 29.11 Crore and unsecured loans of INR 26.54 Crore. The Electronics Division contributes about 19.87% of the company's total income (INR 24.29 Crore out of INR 122.23 Crore). The slump sale is a related-party transaction (both parties share joint control) but is being executed at arm's length based on an independent valuation. Shareholders had approved the transaction in July 2025, and that approval covers any modifications to the agreement.
The deal itself remains positive for shareholders — repayment of high-cost debt is expected to save around INR 3.6 Crore in annual interest, strengthening the balance sheet. However, the one-month delay means investors will have to wait a bit longer for the Balance Sheet improvement and any potential re-rating benefits to materialise. No change in shareholding pattern is involved.