Krystal Integrated Services Limited has informed the Exchange about Intimation of Incorporation of Company.
KRYSTAL · price
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Krystal Integrated Services has incorporated a Special Purpose Vehicle called 'Advait Krystal Solar Energy SPV Private Limited' on March 18, 2026, jointly with Advaita Enterprises International Private Limited. Krystal holds 49% stake in the SPV, subscribing to 4,900 equity shares of ₹10 each for a total cash outlay of ₹49,000. The SPV was created specifically to execute rooftop solar projects across government hospitals and medical colleges in Maharashtra, following a letter received from the Directorate of Medical Education & Research (DMER) on January 16, 2026. The SPV will operate in the renewable energy space (solar, wind, energy storage) and qualifies as an associate (related party) company of Krystal. It is yet to commence business operations.
This signals Krystal's entry into the renewable energy space, likely to boost future revenue given the government-backed solar project mandate. The 49% minority stake means limited capital exposure for now, but execution of the DMER project could materially expand the company's addressable market beyond its core services business.