KNR Constructions Limited has informed the Exchange about General Updates
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KNR Constructions has incorporated a wholly-owned subsidiary named KNR Mahabalipuram Infra Private Limited (KMIPL) on 19th February 2026, with the incorporation certificate received on 24th February 2026. KMIPL is a Special Purpose Vehicle (SPV) set up to execute a specific project: construction of a Four Lane Elevated Corridor along East Coast Road (ECR) from Thiruvanmiyur to Uthandi in Tamil Nadu, on Hybrid Annuity Mode (HAM). The SPV has an authorized capital of Rs. 10 lakh (1,000 equity shares of Rs. 1,000 each), and KNR holds 100% of it through cash subscription. The entity is newly incorporated in Telangana and has not yet commenced operations. Promoters Mr. K Jalandhar Reddy, Mrs. K Yashoda, and senior management personnel Mr. V Venu Gopal Reddy also serve as directors on the SPV, making it a related party transaction at arm's length.
This is a routine project-level SPV incorporation, standard practice for infrastructure/road companies executing HAM projects. No material financial or operational impact on KNR Constructions at present; the SPV will remain consolidated in the company's accounts. Shareholders should view this as part of normal business execution rather than a strategic shift.