Key Transaction Details
The company has made a further equity investment of ₹1,79,00,000 (Rupees One Crore Seventy-Nine Lakh Only) in its wholly owned subsidiary, M/s. Shri Krishnam Industries Private Limited.
Authorization Details
The investment was made in accordance with shareholder approval granted via resolution passed on 8th July, 2026, which authorized investments in the wholly owned subsidiary up to an aggregate limit of ₹15,00,00,000 (Rupees Fifteen Crores only).
Subsidiary Information
Name: Shri Krishnam Industries Private Limited
Incorporation Date: 25th February, 2020
Authorised Capital: ₹10,00,00,000
Industry: Food Processing Industry (Pulse Processing / Dal Milling Industry)
Current Status: Yet to commence business operations
Turnover: 0
Relationship Status
The subsidiary is a 100% Wholly Owned Subsidiary (WOS) of the Company and constitutes a Related Party Transaction. The promoter/promoter group are interested in the company.
Strategic Rationale
The acquisition is in line with the growth and expansion strategy of the Company. The target entity is currently under expansion and is in the process of setting up a new project related to the manufacturing of dal. This acquisition will enable the Company to strengthen its presence in the agro-processing segment and enhance its operational capabilities.
Regulatory Approvals
No governmental or regulatory approvals are required for this acquisition.
Timeline
No specific time period indicated for completion of the acquisition.
Financial Impact
The investment represents an equity infusion of ₹1,79,00,000 into the subsidiary. The financial impact on the parent company's financial statements is the reduction of cash reserves by this amount and corresponding increase in investment in subsidiary.
Compliance References
Filed under Regulation 30 of SEBI LODR Regulations with reference to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.