Sale or Disposal Disclosure under Regulation 30 of the Listing Regulation
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Awaiting price reaction for this filing.
The Board of Krypton Industries Ltd approved the sale of its entire stake in subsidiary Krypton Europe S.R.O (Czech Republic) through a Share Purchase Agreement executed on 28 February 2025, with completion expected by 31 May 2025. Total consideration is €47,497.50 (approximately ₹44-46 lakh depending on exchange rate). The European subsidiary contributed NIL revenue and NIL net worth to Krypton Industries' consolidated financials as of 31 March 2024 (parent consolidated revenue was ₹42.74 crore, net worth ₹32.15 crore). The acquirer is not related to the promoter group and the transaction is not a related party deal. The sale is structured to happen in one or more tranches before the deadline.
This is a small, housekeeping-style divestment of a non-contributing overseas subsidiary. Since the subsidiary had zero revenue and zero net worth contribution, the financial impact on Krypton Industries is negligible. Shareholders are unlikely to see any meaningful change in the stock price from this announcement.