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Shree Renuka Sugars is converting an **Rs 57.36 Cr** loan to its wholly-owned subsidiary, KBK Chem-Engineering Private Limited, into equity. This isn't a new acquisition, but an internal financial restructuring. The strategic rationale is to strengthen KBK's capital structure, reduce its debt load, and boost profitability without any fresh capital infusion. KBK, an engineering firm with FY25 turnover of Rs 127.05 Cr, will see its financial health improve. Shree Renuka Sugars retains its 100% ownership, signaling a focus on deleveraging and operational efficiency within its existing portfolio.