Keerthi Industries Ltd — Updates, 29-05-2025: Company Update

Keerthi Industries has announced a board meeting approving the slump sale of its Electronics Division, which manufactures PCBs along with related IP and assets, to Hyderabad Bottling Co Private Limited. The Electronics Division contributed INR 24.29 Cr (about 19.87%) to the company’s total income of INR 122.23 Cr in FY 2024-25. The sale consideration is INR 36 Cr, payable in installments, and proceeds will be used primarily to reduce term loans and unsecured debts totaling over INR 55 Cr. This move aims to lower interest costs by around INR 3.6 Cr annually and improve cash flows, while allowing focus on the company’s core cement business under the brand “Suvarna Cements.” The transaction is a related party deal conducted at arm’s length and is expected to complete by the second quarter of FY 2024-25. Shareholding remains unchanged.