Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant amendment thereto from time to time, the Board of Directors of the ....
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Kranti Industries' Board, at its meeting on October 8, 2025, approved subscribing to shares of a new Joint Venture company to be set up under an MoU with KORES Group. The JV, to be called 'KRAKO PRECISION PRIVATE LIMITED', will operate in the business of 'Machining of Critical Casting Components'. Kranti Industries will hold 35% of the shareholding while KORES Group will hold the remaining 65%, making the JV an Associate Company of Kranti Industries upon incorporation. The Board meeting ran from 11:00 AM to 1:00 PM IST. The venture marks the company's entry into precision machining of critical casting components through a partnership route rather than a full acquisition.
For shareholders, this is a strategic diversification into a higher-value precision machining segment, but Kranti is the minority partner (35%) so upside is limited and it depends heavily on KORES Group's execution. The financial impact is unlikely to be material in the near term since Kranti only holds a minority stake, though it could open a new revenue stream over time.