S H Kelkar and Company Limited — Updates, 08-08-2025: Incorporation

SH Kelkar and Company has announced a board meeting where it approved the financial results for the quarter ended June 30, 2025. The board also approved an internal corporate restructuring to better align group entities. This includes selling Keva UK (approx. Rs. 20.48 Cr) and Keva USA Inc. (approx. Rs. 17.54 Cr) to Keva Fragrances Private Limited. Both will remain wholly-owned step-down units. Furthermore, a new subsidiary, Keva Middle East FZE, will be incorporated in UAE by Keva Fragrances for AED 150,000. This strategic move aims to expand the group's Middle East presence and enhance global R&D capabilities.