Date: 30th September 2026
Disinvestment / Strategic Actions
KNR Constructions Limited provides an update regarding the sale of its special purpose vehicles (SPVs) to Indus Infra Trust ("Purchaser").
Background Context:
- The company had previously intimated about the execution of share purchase agreements with Indus Infra Trust on 25th December 2025
- Agreements were dated 24th December 2025 for proposed sale of 100% shareholding (including Sub Debt) of four SPVs:
- KNR Palani Infra Private Limited (KPIPL)
- KNR Ramagiri Infra Private Limited (KRGIPL)
- KNR Guruvayur Infra Private Limited (KGIPL)
- KNR Ramanattukara Infra Private Limited (KRIPL)
Recent Developments:
- The company had previously completed sale of stakes in three SPVs:
- KPIPL: intimated on 30th May 2026
- KRGIPL: intimated on 11th June 2026
- KGIPL: intimated on 18th September 2026
Current Update - KRIPL Sale Extension:
- The company and Purchaser have mutually agreed to extend the timeline for sale of the company's stake in KRIPL
- Reason for extension: Delay in compliance of certain Condition Precedents
- New proposed date of completion: Extended up to 31st December 2026
Regulatory Context:
- This intimation is made under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
- Addressed to both BSE Limited and National Stock Exchange of India Limited