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

Kiran Vyapar Limited's holding in Placid Limited will convert into shares of Maharaja Shree Umaid Mills Limited (MSUM) following an NCLT-approved amalgamation. For every one share of Placid, the company will receive 515 shares of MSUM. This results in Kiran Vyapar receiving 8.21 crore additional equity shares of MSUM. Post-merger, Kiran Vyapar’s total holding in MSUM will be approximately 8.97 crore shares, representing around 27.73% of MSUM's post-amalgamation equity. MSUM, a company involved in Textiles, Renewable Energy, and Investments with a FY25 turnover of 599.88 Cr, will consequently be classified as an associate of Kiran Vyapar.