KN Agri Resources Limited — Board Meeting, 28-10-2024: Outcome of Board Meeting

KN Agri Resources Ltd has approved the acquisition of a majority stake in a sugarcane processing and ethanol production unit, featuring a capacity of 3,000 MT/day for sugarcane and 300 KL/day for ethanol. This strategic move, in collaboration with an experienced partner, aims for financial closure within 90 days. The company, a leading oilseed processor in India, reported revenues of Rs. 1700 Cr for FY24 and continues to emphasize sustainability through renewable energy initiatives.