Karma Energy Limited — Important, 25-10-2024: General Updates

Karma Energy Limited has announced the acquisition of a 100% stake in Bay Wind Projects Private Limited, making it a wholly-owned subsidiary. Additionally, Mr. Hitesh Vrajlal Siraj has been appointed as a Non-Executive Additional Director, pending shareholder approval for formal regularization. The acquisition aims to diversify into the IT Park/BPO sector. Both actions were approved by the Board of Directors following committee recommendations.