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

Kiran Vyapar Limited's associate, Placid Limited, has merged with Maharaja Shree Umaid Mills Limited (MSUM) following NCLT approval. As a result, Kiran Vyapar will receive 8,21,55,375 equity shares of MSUM, in exchange for its holding in Placid. This transaction increases Kiran Vyapar's stake in MSUM to approximately 27.73%, classifying MSUM as an associate. MSUM, engaged in textiles, renewable energy, and finance, reported a FY25 turnover of Rs 599.88 Cr and PAT of Rs 45.51 Cr, strengthening Kiran Vyapar's strategic interest in a diversified entity.