Krystal Integrated Services has announced that its board has approved the renewal of key service provider agreements for public relations and digital marketing services during a board meeting held on March 24, 2026.

Board Meeting Outcome

The Board of Directors unanimously approved the renewal of strategic partnerships during their meeting, which commenced at 03:23 p.m and concluded at 03:48 p.m. The company has informed the stock exchanges under Regulation 30 of SEBI Listing Regulations.

Service Provider Agreements

The board approved the renewal of two critical service agreements that support the company's marketing and communications operations.

Regulatory Compliance

Krystal Integrated Services will provide necessary disclosures in accordance with Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, within prescribed timelines upon execution of both agreements.

Communicate India will continue handling the company's corporate communications and media outreach activities, while Concept Public Relations India Limited will manage digital communication activities. The renewal reflects the company's strategy to maintain continuity in external communications and digital marketing efforts to ensure consistent brand communication and digital market presence.

Krystal Integrated Services Limited has incorporated a Special Purpose Vehicle (SPV) to execute renewable energy projects for government healthcare facilities in Maharashtra. The company announced the formation of Advait Krystal Solar Energy SPV Private Limited on March 18, 2026, marking a strategic expansion into the renewable energy sector.

SPV Incorporation Details

The newly incorporated entity was established under the Companies Act, 2013, with Corporate Identification Number U35105MH2026PTC469579. The SPV was formed jointly with M/s. Advaita Enterprises International Private Limited (formerly known as e-Governance Solution Private Limited) and is registered in Maharashtra.

Investment Structure and Shareholding

Krystal Integrated Services has acquired a 49% shareholding in the SPV through a cash consideration of ₹49,000. The investment involves subscription to 4,900 equity shares of face value ₹10 each. Post-incorporation, the SPV qualifies as an Associate Company of Krystal Integrated Services and will be treated as a related party transaction conducted on an arm's length basis.

Project Background and Business Objectives

The SPV incorporation was necessitated by a project award from the Directorate of Medical Education & Research (DMER), Maharashtra, communicated through a letter dated January 16, 2026. The project involves execution of rooftop solar installations across government hospitals and medical colleges, with the SPV serving as the mandatory concessionaire entity.

The SPV's business scope encompasses:

• Production, generation, transmission, distribution, and supply of solar, wind, and other renewable energy
• Development and operation of renewable energy projects under various models including Build, Own, Operate, Maintain, and Transfer (BOOT)
• Comprehensive engineering, technical, consultancy, and support services for renewable energy projects
• Energy storage solutions including battery energy storage systems and thermal storage
• End-to-end project management services from concept to commissioning and operation

Regulatory Compliance

The incorporation has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Certificate of Incorporation was issued by the Central Registration Centre, Ministry of Corporate Affairs, on March 18, 2026.

The SPV operates in the renewable energy sector, specifically focusing on solar, wind, and other alternative energy industries. As a newly incorporated entity, it has not yet commenced business operations and therefore has no historical turnover data. The company information has been made available on Krystal Integrated Services' website at krystal-group.com.