Target Entity: Kalyani Strategic Systems Limited (KSSL)
Type of Deal: Investment in wholly-owned subsidiary (100% ownership maintained)
Stake/Capacity: The Company will continue to hold 100% shareholding in KSSL post-investment
Deal Value: Investment not exceeding ₹2,400 million (₹240 crore)
Funding Source: Cash consideration
Financial Impact: Not specifically disclosed in the document. KSSL reported turnover of ₹12,244.70 million for FY 2025-26, ₹14,044.97 million for FY 2024-25, and ₹11,445.58 million for FY 2023-24.
Timeline: Investment will be completed on or before March 31, 2027, in one or more tranches
Strategic Rationale: The investment is in furtherance of KSSL's main line of business, including enabling KSSL to make further investment in its wholly-owned subsidiary. KSSL is engaged in developing and manufacturing, offering for sale, delivering and commissioning, and providing life support of defense platforms, systems and equipment for various customers in India and global markets.
Approval Status: Board of Directors approved on August 10, 2026. No governmental or regulatory approvals required.
Related Party Considerations: KSSL is a Related Party of the Company. The proposed investment is in the nature of Related Party Transactions and will be on an arm's length basis. None of the Company's promoter/promoter group/group companies have any interest in the proposed investments.
Company Background: KSSL is an Indian public limited company incorporated on December 20, 2010, with its registered office in Pune, India. KSSL has presence in India and Spain.
Reference Regulation: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30 January 2026
