KEC International Limited — Important, 01-01-2025: General Updates

The Cables Business of KEC International Limited has been successfully transferred to its subsidiary, KEC Asian Cables Limited, on a going concern basis via slump sale, effective January 01, 2025. This strategic move follows the satisfaction of all conditions precedent outlined in the Business Transfer Agreement. The transfer positions KEC International to streamline operations and focus on core competencies, potentially enhancing operational efficiency and driving future growth. Investors should monitor this development closely for its implications on the company's overall strategy and financial performance in the coming quarters.