KAMA Holdings Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI LODR Regulations.

The Board of Directors of the Company, at its meeting held on September 9, 2026 (which commenced at 05:30 pm and concluded at 06:30 pm), approved and entered into a Share Purchase Agreement with its wholly-owned subsidiary, KAMA Realty (Delhi) Limited (KRDL).

The agreement is for the off-market inter-se transfer/sale of up to 32,00,000 equity shares of SRF Limited. This quantity represents up to 1.08% of the paid-up share capital of SRF Limited. The transfer may be executed in one or more tranches.

Key Transaction Details (As per Annexure-A):

  • Date of Agreement: 09th September 2026.
  • Expected Completion Date: On or before 30th September 2026.
  • Consideration: The transaction will be executed at the closing price of SRF Limited's shares on the trading day immediately prior to the respective execution date of each tranche. This is subject to compliance with the limits provided in proviso (i) to Regulation 10(1)(a) of the SEBI SAST Regulations.
  • Buyer Details: The buyer is KAMA Realty (Delhi) Limited (KRDL), a wholly-owned subsidiary of KAMA Holdings Limited. KRDL forms part of the Promoter Group.
  • Related Party Transaction: The transaction constitutes a related party transaction. It is stated to be conducted at arm's length and at market price.
  • Scheme of Arrangement: The sale is not part of any Scheme of Arrangement (Not Applicable).
  • Slump Sale: The transaction is not a slump sale (Not Applicable).

Financial Context & Impact:

As per Annexure 1, which provides data from the last audited financial statements for the year ended March 31, 2026:

  • Contribution to KAMA's Consolidated Income: SRF Limited's consolidated total income was ₹15,893.57 crore, which constituted 99.50% of KAMA Holdings Limited's consolidated total income of ₹15,972.81 crore.
  • Contribution to KAMA's Consolidated Net Worth: SRF Limited's consolidated net worth was ₹14,042.76 crore, which constituted 93.60% of KAMA Holdings Limited's consolidated net worth of ₹15,003.21 crore (a figure that includes minority interest).

Corporate and Control Implications:

The disclosure explicitly states that the proposed inter-se transfer of shares will not result in any change in the control, management, or ultimate beneficial ownership of SRF Limited. SRF Limited will continue to remain a subsidiary of KAMA Holdings Limited post-transaction. Furthermore, there will be no change in the aggregate shareholding of the promoter and promoter group in SRF Limited.

The disclosure was signed by Ekta Maheshwari, Whole-time Director, CFO & Company Secretary, and was made to the BSE Ltd.