Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
KRYSTAL · price
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Krystal Integrated Services has entered into a Share Purchase Agreement on May 12, 2026 to acquire 100% equity stake in Citelum India Private Limited (CIPL) from M/s. Citelum and Mr. Frederic BELLOY. The acquisition involves 5 crore equity shares representing the entire paid-up share capital and voting rights of CIPL. The aggregate consideration is Rs. 10,000 (Rupees Ten Thousand only), subject to adjustments per the SPA terms. Upon completion, CIPL will become a wholly-owned subsidiary of Krystal. The transaction is not a related party transaction and was approved by the Board of Directors earlier on May 7, 2026.
The acquisition expands Krystal's business portfolio by adding Citelum India as a wholly-owned subsidiary, potentially diversifying revenue streams and creating synergies. The negligible consideration (Rs. 10,000) suggests CIPL has minimal net asset value, making this a strategic entry rather than a value-accretive deal.