Pursuant to Regulation 30 of SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant amendments thereto, we wish to inform you that, the Company on October ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kranti Industries has signed a Memorandum of Understanding (MOU) with Kores Group on October 4, 2025, to set up a new joint venture company called 'KRAKO PRECISION PRIVATE LIMITED' based in Halol, Gujarat. The new entity will focus on the machining of critical casting components. Kores Group will hold the majority 65% stake while Kranti Industries will hold 35%, and two of Kranti's directors, Sachin Vora and Sumit Vora, will sit on the board. Kranti will manage business operations and provide technical know-how for the venture. The deal is not a related party transaction, and no shares are being issued as part of this MOU.
This JV represents Kranti Industries' strategic expansion into the machining of critical casting components, potentially opening a new revenue stream. Since Kranti is the minority partner (35%) and the business is in a different segment, investors should watch for execution progress and how this venture contributes to overall growth without overextending the company's resources.