Keerthi Industries Ltd
📅 Keerthi Industries Extends Slump Sale Deadline to Dec 2025 ⏳
- Slump sale of Electronics Division to Hyderabad Bottling Co. extended to 31st Dec 2025 (from 30th Nov 2025).
- Total consideration: â‚ą36Cr (paid in installments, excluding taxes).
- Electronics Division contributed â‚ą24.29Cr (19.87%) to FY 2024-25 total income of â‚ą122.23Cr.
- Sale proceeds to repay bank loans & unsecured debt, reducing interest costs by ~â‚ą3.6Cr/year.
- Related Party Transaction (arm’s length, per independent valuation report dated 29th May 2025).
- Shareholders approved sale on 10th July 2025 (includes BTA modifications).
- Strategic move to improve financial health by exiting capital-intensive segment.
- No change in Keerthi Industries’ shareholding post-transaction.