Kranti Industries Limited has announced the re-appointment of Mr. Satchidanand Arun Ranade as Independent Director for a second consecutive five-year term. The appointment, which became effective on April 06, 2026, demonstrates the company's commitment to maintaining strong corporate governance standards.

Re-appointment Details

The re-appointment was formally approved by shareholders at the company's 30th Annual General Meeting held on September 12, 2025. The decision was communicated to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile and Qualifications

Mr. Satchidanand Arun Ranade brings substantial expertise to the board with his comprehensive background in finance and governance. He is a qualified Chartered Accountant holding a Commerce degree from Pune University, with over 29 years of extensive experience in finance, accounting, and taxation.

His professional credentials have been continually enhanced through specialized certifications in several key areas:

• Arbitration
• Concurrent Audit of Banks
• Corporate Social Responsibility (CSR)
• Anti-Money Laundering Laws

Governance Experience

Mr. Ranade's governance expertise is demonstrated through his previous role as an Independent Director on the Board of Pune Stock Exchange Ltd., where he served for a three-year term. This experience showcases his ability to provide independent, objective judgment in board deliberations.

Currently, he serves as a Panel Arbitrator at the NSE Pune Bench, continuing to play a key role in ensuring fairness and compliance within the financial ecosystem. These credentials collectively affirm that he possesses the skills, integrity, and independence required for the directorial role.

Regulatory Compliance

The company has confirmed that Mr. Ranade is not debarred from holding the office of director by virtue of any SEBI order or any other authority, ensuring full compliance with regulatory requirements. The re-appointment follows all necessary disclosure requirements under SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.

The formal communication was signed by Sampada Shekhar Barsawade, Company Secretary and Compliance Officer, on April 06, 2026, marking the official commencement of Mr. Ranade's second term as Independent Director.

Kranti Industries Limited has successfully completed the disinvestment of equity stakes in its subsidiary Preciso Metall Private Limited through execution of a share purchase agreement on March 27, 2026. The transaction has resulted in Preciso Metall Private Limited ceasing to be a subsidiary and becoming an associate company of Kranti Industries.

Board Approval and Investment Committee Decision

The board of directors approved the disinvestment proposal during their meeting held on March 25, 2026, at the company's registered office in Pune. The board authorized the disinvestment of up to 10,00,000 equity shares of ₹10 each in Preciso Metall Private Limited, representing 15.22% of the paid-up share capital of the subsidiary company. The Investment Committee was subsequently authorized to execute the transaction.

Share Purchase Agreement Execution

The Investment Committee approved the disinvestment of 8,00,000 equity shares through execution of a Share Purchase Agreement dated March 27, 2026. The transaction involves off-market transfer of shares to Mr. Kunal Vijay Vora and Mr. Sunil Rameshlal Gadiya as purchasers.

Purchaser Details and Consideration

Each purchaser will acquire 4,00,000 equity shares representing equal stakes in Preciso Metall Private Limited. The buyers do not belong to the promoter, promoter group, or group companies, and the transaction does not constitute a related party transaction.

Subsidiary Financial Performance

Preciso Metall Private Limited contributed significantly to the consolidated operations as of March 31, 2025. The subsidiary maintained notable operational presence within the group structure before the disinvestment.

Regulatory Compliance and Status Change

The company has submitted detailed intimation to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing was digitally signed by Sampada Shekhar Barsawade, Company Secretary and Compliance Officer. Consequent to the disinvestment, Preciso Metall Private Limited has ceased to be a subsidiary of the company and has become an associate company, marking a significant change in the corporate structure.