Kaynes Technology India Limited — Board Meeting, 29-03-2025: Outcome of Board Meeting

The Board of Directors has approved the allotment of 73,535 equity shares under the Employee Stock Option Scheme (ESOP) 2022, raising the paid-up capital from ₹64.01 crore to ₹64.08 crore. Additionally, the board has sanctioned the incorporation of a wholly-owned subsidiary, "Kaynes Space Technology Private Limited," with an initial investment of up to ₹70 crore. The subsidiary will focus on developing various types of satellites and launch vehicles. This meeting underscores the company's commitment to expanding its operations and enhancing shareholder value.