Disclosure under Reg 30 of SEBI (LODR) Regulations, 2015
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Srestha Finvest Ltd's board, at its meeting on April 7, 2025, approved the acquisition of 25,576 equity shares (7.978% stake) of Kunj Forgings Private Limited for a cash consideration of Rs. 4 crore. Kunj Forgings is a Chennai-based company in the forging industry, incorporated in 1981, with a turnover of Rs. 31.08 crore in FY24 (down from Rs. 56.41 crore in FY23). The acquisition is categorized as a pure investment and is not a related-party transaction. The target operates in a sector outside Srestha Finvest's core NBFC/financial services business and serves the oil, natural gas, and defence sectors.
This is a small strategic investment (Rs. 4 crore for under 8% stake) outside Srestha Finvest's core lending business, unlikely to materially impact financials or earnings in the near term. Shareholders should view it as a portfolio diversification move rather than a transformative deal.