Pursuant to Reg. 30 under SEBI (LODR) Regulations, 2015, we wish to inform you that the Ministry of Corporate Affairs has approved the incorporation of a New Company in the form of Joint ....
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Kranti Industries has informed BSE that the Ministry of Corporate Affairs has approved the incorporation of a new joint venture company named Krako Precision Private Limited (KPPL) on October 22, 2025. The JV will focus on the machining of critical casting components, which is aligned with the company's existing manufacturing business. Kranti Industries will invest ₹87.50 lakhs in cash for a 35% equity stake, making KPPL an associate company. The promoters and group companies have no interest in the new entity, and this is not a related party transaction.
This is a relatively small investment (₹87.50 lakhs for a 35% stake) into a newly formed JV in a related manufacturing line, suggesting a modest strategic expansion rather than a transformative deal. Shareholders should view this as a minor diversification step with limited immediate impact on stock price or financials.