Kanoria Chemicals & Industries Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

Kanoria Chemicals' Board has approved a strategic move to divest its 100% stake in Swiss subsidiary APAG Holding AG to Anevolve and/or Asia Investments UK. This will unfold in two tranches. Initially, new investors will inject USD 19.38 million (EUR 17.78 million) into APAG for a 63% stake, diluting KCIL's holding to ~14.3%. KCIL will not receive cash in this first phase. APAG, which contributed INR 777.04 Cr to KCIL's consolidated income last fiscal, will cease to be a subsidiary post-Tranche 1. KCIL's remaining stake will be sold by FY2029-30. This aims to simplify the group structure.