Krypton Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/05/2025 ,inter alia, to consider and approve 1. Sell of an investment ....
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Krypton Industries Ltd has informed the stock exchanges that its Board of Directors will meet on May 2, 2025, to consider and approve the sale of its investment in Krypton Europe S.R.O, a European subsidiary. The notice was filed on April 23, 2024 under SEBI Listing Regulations. The agenda also includes any other matter that the Chairperson may permit. No financial details such as sale value, counterparty, or expected gain/loss have been disclosed in the intimation. Investors will need to wait for the outcome of the board meeting for the actual transaction terms.
This is a pre-emptive intimation about a potential divestment of a foreign subsidiary, which could lead to a one-time gain or loss on consolidation. The stock may see some volatility around May 2, 2025, when the board finalises the deal terms.