Acquisition of 100% Equity Shares of Citelum India Private Limited by entering into a Share Purchase Agreement.
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Krystal Integrated Services Limited's Board approved the acquisition of 100% equity shares of Citelum India Private Limited (CIPL) via a Share Purchase Agreement. Upon completion, CIPL will become a wholly-owned subsidiary of Krystal. The full details (including purchase consideration and rationale) are provided in Annexure F, which is referenced but not included in this filing. The acquisition falls within the company's inorganic growth strategy, expanding its subsidiary portfolio. The Board meeting was held on May 7, 2026 and concluded at 4:25 PM.
The acquisition of CIPL as a WOS will broaden Krystal's service capabilities and consolidation scope. Shareholders should monitor the undisclosed deal value and CIPL's financials for a complete picture of the transaction's financial impact.