Kiri Industries Limited — JV/Acquisition, 20-03-2026: Acquisition

Kiri Industries is acquiring a 99.93% stake in IndoAsia Agrotech Fertilizers Limited (IAFL) for ₹70 crore. IAFL, a newly incorporated entity, is establishing a fertilizer manufacturing facility in Gujarat, with commercial operations yet to begin. This strategic investment expands Kiri Industries' product portfolio, marking its entry into the fertilizer sector. The acquisition makes IAFL a subsidiary, positioning Kiri Industries for growth in the agricultural chemicals market and potentially opening new operational avenues.