K2 Infragen Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

K2 InfraGen has announced a board meeting on the consolidation of its financial results for the quarter and half-year, posting a profit of Rs. 14.87 Cr for FY25. The company raised Rs. 329.37 Cr through a successful IPO and boosted its stake in K2 Nextgen Solutions to 69.47%, making it a subsidiary from October 2024. Leadership saw a change as Devender Kumar Valecha moved to Non-Executive Director. IPO proceeds are fueling working capital and capex, while surplus funds are parked in fixed deposits to reduce borrowings.