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

K2 InfraGen has announced a board meeting to approve the consolidated financial results for the quarter and half-year. The company posted a consolidated net profit of Rs. 14.87 Cr for the year, backed by an unmodified audit opinion. It successfully completed an IPO, raising fresh equity capital, and converted K2 Nextgen Solutions Pvt Ltd from associate to subsidiary after increasing its stake. Devender Kumar Valecha moved from Executive to Non-Executive Director. The company deployed Rs. 33.82 Cr of IPO proceeds toward working capital, capex, and corporate needs, with remaining funds parked as fixed deposits against borrowings.