Krystal Integrated Services Limited — Important, 20-01-2025: General Updates

Krystal Integrated Services Limited held a board meeting where it approved key developments, including the un-audited financial results for the quarter and nine months ended December 31, 2024, which are pending limited review but will be made available on the company’s website. The board plans to incorporate a wholly owned subsidiary, Taskmaster Private Limited (TMPL), aimed at providing facility management services. This new entity will initially have an authorized capital of ₹1,00,000 and will be 100% owned by Krystal upon its establishment, marking a strategic expansion into the facility management sector. Additionally, the board discussed plans for raising funds through various methods, including possible equity issuance, subject to shareholder approval. Investors should watch closely as these initiatives could enhance operational capabilities and market presence, contributing to a positive outlook.