Nature of the Event

Kiran Vyapar Limited has made a strategic investment by subscribing to Compulsorily Convertible Preference Shares (CCPS) in Alt Material Innovations Private Limited (AMIPL). This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Transaction Details

  • Date of Transaction: The subscription was completed on November 3, 2026.
  • Instrument Subscribed: 244 Series A CCPS of Alt Material Innovations Private Limited.
  • Total Consideration: The investment amount does not exceed ₹2,99,97,543 (Indian Rupees Two Crores Ninety Nine Lakhs Ninety Seven Thousand Five Hundred Forty Three only).
  • Ownership Stake: This subscription gives Kiran Vyapar an approximate 1.017% of the post-issue paid-up share capital in AMIPL.
  • Nature of Consideration: The acquisition is for cash consideration.

Details of the Target Entity

  • Name: Alt Material Innovations Private Limited (AMIPL)
  • Incorporation Date: April 20, 2023
  • Corporate Identification Number (CIN): U72100KA2023PTC172575
  • Line of Business: Manufacturing, trading, importing, exporting, and dealing in biological and related materials, products, and merchandise. The company also provides research and development, and analytical services.
  • Country of Presence: India

Financial Details of Alt Material Innovations (FY 2025-26)

  • Turnover: ₹0.33 Crores
  • Profit After Tax (PAT): ₹9.79 Crores
  • Net Worth: ₹15.64 Crores

Historical Turnover of AMIPL

  • FY 2023-24: ₹0.44 Crores (as per the provided table)
  • FY 2024-25: Data point is present in the table but the value is unclear from the source text.
  • FY 2025-26: ₹0.33 Crores

Transaction Rationale and Impact

  • Purpose: The acquisition is stated to be of a strategic nature and will help Kiran Vyapar Limited to enhance its business activities.
  • Related Party Status: The acquisition is confirmed not to be a related party transaction. The Promoter/Promoter Group of Kiran Vyapar Limited has no interest in AMIPL, and the transaction is conducted at arm's length.

Regulatory and Approval Requirements

  • Governmental/Regulatory Approvals: The disclosure states that no governmental or regulatory approvals are required for this acquisition.
  • Completion Timeline: The completion of the acquisition is subject to the allotment of the Series A CCPS by the Board of Directors of AMIPL. A specific indicative time period is not provided.

Context of the Acquiring Entity

Kiran Vyapar Limited is registered as a Non-Banking Financial Company (NBFC) in the Middle Layer category under the Reserve Bank of India's Scale Based Regulation framework (Non-Banking Financial Companies- Registration, Exemption framework for Scale Based Regulation) Directions, 2025.

#Tags #KiranVyapar #SEBIDisclosure #Regulation30 #StrategicInvestment #M&A