The Board of Directors at its meeting held today i.e. 22nd December, 2025 have approved the execution of a binding term sheet proposed to be entered between Kilburn Engineering Limited ....
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On 22 December 2025, the board of Kilburn Engineering approved a binding term sheet to form a joint venture company with East End Technologies Private Limited (EETPL). The JV will undertake piping fabrication & erection, structural fabrication & erection, and pre-commissioning support for mechanical works, targeting the oil & gas, fertilizers, petrochemicals, and steel sectors in India. Kilburn will hold a 60% stake and EETPL will hold 40%, making the JV a subsidiary of Kilburn. The consideration for Kilburn's stake is a modest INR 6 lakh in cash, and definitive agreements are expected within 90 days. The transaction is not a related-party deal and the JV is yet to be incorporated.
This is a positive, growth-oriented move that aligns with Kilburn's core engineering capabilities and expands its reach into large industrial sectors. However, the cash outlay is minimal at this stage, so any meaningful impact on financials will depend on the projects the JV wins in the future.