Main Disclosure – Disinvestment Details
Target Entity: Krasny Paras Defence Technologies Private Limited (Krasny Paras)
Percentage Stake Disinvested: Entire 47.50% stake comprising 5,22,500 equity shares of face value ₹10 each
Post-Transaction Holding: 0% holding. Krasny Paras will cease to be an Associate of the Company.
Counterparty/Buyer: Krasny Defence Technologies Limited. The buyer does not belong to the Promoter/Promoter group/Group companies.
Mode of Consideration: Not yet determined. Consideration amount has not been finalized as it is dependent on the due diligence process.
Valuation or Price Basis: Not disclosed in the document.
Transaction Size: Not finalized. The amount of consideration has not been determined.
Rationale for Disinvestment: Not explicitly stated in the document.
Impact on the Company: Krasny Paras will cease to be an Associate of the Company. The revenue contribution from this entity was minimal.
Business Profile of Target Entity:
- Sector: Defence Technologies
- FY 2025-26 Financials:
- Turnover contributed to consolidated company: ₹0.59 Crore (0.12% of total)
- Net worth as on March 31, 2026: ₹0.63 Crore
Related Party Status: No. The transaction does not fall within Related Party Transaction.
Approvals Required: Board approval obtained on August 07, 2026. No other approvals mentioned.
Indicative Timeline:
- Agreement: Yet to be entered. Company will intimate exchanges upon signing.
- Expected completion: Latest by December 31, 2026
- Consideration: Company will intimate exchanges upon receipt
Other Updates (If Present in the Same Document)
No other disclosures are present in the document.