As per the Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that pursuant to the execution ....
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Kranti Industries has divested 8,00,000 equity shares (15.22%) of its subsidiary Preciso Metall Private Limited (PMPL) through a Share Purchase Agreement dated March 27, 2026. The shares were sold to two non-promoter buyers — Mr. Kunal Vijay Vora and Mr. Sunil Rameshlal Gadiya — for a total consideration of ₹80 lakhs (₹40 lakhs each). As a result, PMPL has ceased to be a subsidiary and will now be classified as an associate company of Kranti Industries. In FY25, PMPL contributed ₹737.92 lakhs (9.40%) to consolidated turnover but had negative net worth of ₹190.04 lakhs. The transaction is not a related party transaction and is expected to be completed by March 30, 2026.
This is a modest, non-core divestment that cleans up a loss-making subsidiary (negative net worth) from the company's books. The ₹80 lakh consideration is small relative to Kranti's overall size, so material impact on stock price is unlikely, but it simplifies the group structure by moving PMPL from subsidiary to associate status.