Krystal Integrated Services Limited has informed the Exchange about Agreements
KRYSTAL · price
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Krystal Integrated Services Limited has disclosed that its associate company, Advait Krystal Solar Energy SPV Private Limited (AKSESPL), in which KISL holds 49% shareholding, has entered into a Power Purchase Agreement with two government directorates in Mumbai. The agreement signed on April 22, 2026 involves designing, installing, operating, and maintaining rooftop solar PV systems at government hospitals and medical colleges across Maharashtra for 25 years under a Built-Own-Operate-Transfer (BOOT) model. KISL is not a party to the agreement and has not provided any corporate guarantee or financial commitment. The company's exposure is limited to its 49% investment in the associate company.
This announcement has minimal direct impact on KISL shareholders as the company is not a party to the agreement and faces no financial liability. However, it signals the group's expansion into renewable energy projects through its associate, which could contribute to future earnings.