KNR Constructions Limited has completed the disposal of its entire equity share capital in KNR Palani Infra Private Limited (KPIPL) to Indus Infra Trust for a consideration of ₹205.05 crore. The transaction, which concluded on May 29, 2026, allows the infrastructure firm to unlock significant value from the subsidiary, which had previously accounted for 3.22% of the company's consolidated turnover and 4.89% of its consolidated net worth as of March 31, 2026.

The company had initially invested ₹64.40 crore in KPIPL through equity and subordinated debt. Pursuant to the sale, KNR Constructions received the total consideration of ₹205.05 crore from the purchaser. Additionally, the subsidiary upstreamed ₹90.00 crore of cash surplus to the company as part of the transaction structure.

Transaction Details

The Share Purchase Agreements for the sale were executed on December 24, 2025. Indus Infra Trust, the buyer, is a publicly listed infrastructure investment trust registered with the Securities and Exchange Board of India (SEBI) under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The trust is established to acquire, manage, and invest in a portfolio of infrastructure assets across various sectors.

The filing confirms that Indus Infra Trust does not belong to the promoter, promoter group, or group companies of KNR Constructions. Furthermore, the transaction does not fall within related party transactions, and the provisions for slump sale disclosures were not applicable to this deal.

Financial Impact of Subsidiary

Prior to the disposal, KPIPL contributed specific financial metrics to the consolidated statements of KNR Constructions. The following table details the subsidiary's contribution for the financial year ending March 31, 2026:

The intimation regarding the completion of the sale was submitted to the stock exchanges on May 30, 2026, under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

KNR Constructions Limited has announced that its board of directors will meet on Friday, May 29, 2026, at the company's registered office. The primary agenda for the meeting includes the consideration and approval of the audited financial statements for the quarter and financial year ended March 31, 2026. These statements will cover both standalone and consolidated results.

Agenda for the Meeting

The board will deliberate on several key matters during the session. The meeting is convened to review the company's financial performance for the full fiscal year and the concluding quarter. Additionally, the directors will evaluate the possibility of distributing profits to shareholders.

The specific items on the agenda are:

• To consider and approve audited financial statements (Standalone and Consolidated) for the quarter and year ended March 31, 2026.
• To recommend dividend, if any, on equity shares of the company for the financial year 2025-2026.
• Any other matter with the permission of the Chair.

Trading Window Closure

In accordance with regulatory requirements, the company had previously intimated the exchanges regarding the closure of the trading window for insiders. This closure, effective from April 1, 2026, is in relation to the declaration of the upcoming financial results. The window will remain shut until 48 hours after the declaration of the results, extending until May 31, 2026.

Meeting Details

The meeting is scheduled to be held at the registered office of KNR Constructions Limited. The proceedings will focus on finalizing the financial accounts for the previous fiscal year and deciding on dividend payouts, subject to the board's approval.