Ind-Swift Laboratories Limited — Important, 18-06-2025: General Updates

Ind-Swift Laboratories has announced a board meeting to consider investing up to Rs. 95 Cr in optionally convertible redeemable preference shares (OCRPS) of Khandelwal Finance Private Ltd (KFPL), a non-related NBFC. The investment carries an 8.25% non-cumulative dividend, a 5-year tenor with a 2-year lock-in, and conversion rights into non-voting equity shares. The company will also have board observer status and pre-emptive rights to participate in future capital raises. This move diversifies Ind-Swift’s investment portfolio into the financial services sector.