KN Agri Resources Limited — Board Meeting, 26-11-2024: Outcome of Board Meeting

KN Agri Resources Limited has announced a board meeting focused on the incorporation of a new subsidiary, 'Sharaad KN Bio-Organics Private Limited.' The proposed subsidiary will have an authorized capital of ₹1 crore, divided into 10 lakh equity shares of ₹10 each. This move aims to expand and diversify the company’s operations in Agri Processing and Bio Energy. The acquisition will result in a 51% control of the new entity, with shares acquired at face value. No prior operational turnover applies as the entity is yet to be incorporated.