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

Kiran Vyapar Limited's associate, Placid Limited, has merged with Maharaja Shree Umaid Mills Limited, a promoter group company, following NCLT sanction. This means Placid Limited is no longer an associate. Kiran Vyapar will receive 515 equity shares of Rs. 10 each in Maharaja Shree Umaid Mills Limited for every 1 share of Rs. 100 held in Placid Limited. Placid Limited contributed Rs. 53.88 Cr in turnover (26.26%) and Rs. 459.77 Cr in net worth (20.97%) to Kiran Vyapar's financials. This related party transaction, based on the NCLT-approved scheme, is at arm's length.