Shahlon Silk Industries Limited has informed exchange regarding Investment to be made in group company namely Karanj Envirocare Private Limited. Detailed disclosure is attached herewith.
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Shahlon Silk Industries Ltd's board has approved an investment of Rs. 85.5 lakh in Karanj Envirocare Private Limited (KEPL), a group company. The investment involves subscribing to 8,55,000 equity shares (renounced rights issue) representing 19% of KEPL's paid-up capital. KEPL operates a Common Effluent Treatment Plant (CETP) business in Surat, Gujarat, but the project is still under development and has not yet commenced commercial operations. This is a related party transaction as KEPL is a group company with promoter directors having an interest. The investment is for strategic business purposes and expected to complete by August 31, 2026.
This investment expands Shahlon Silk into environmental services (effluent treatment), which is outside its core silk textiles business. The 19% stake is relatively small and the target is pre-revenue, so financial impact on Shahlon Silk will likely be minimal in the near term.