Kiran Vyapar Ltd — Important, 25-04-2026: Company Update

Kiran Vyapar Limited's associate company, Placid Limited, has merged with Maharaja Shree Umaid Mills Limited following an NCLT-approved amalgamation scheme. Consequently, Placid Limited ceases to be an associate of the company. Kiran Vyapar will receive 515 equity shares of Rs. 10 each in Maharaja Shree Umaid Mills Limited for every one share it held in Placid. Placid contributed Rs. 53.88 Cr (26.26%) to Kiran Vyapar's last financial year's turnover and Rs. 459.77 Cr (20.97%) to its net worth. This transaction, involving a promoter group entity, is considered at arm's length.