Keerthi Industries Limited has announced a delay in the completion of its slump sale of the Electronics Division to Hyderabad Bottling Co. Private Limited. The transaction, valued at INR 36.00 crore, was initially scheduled to conclude by November 30, 2025, but has now been extended to December 31, 2025.

Reason for Delay

The postponement is attributed to pending regulatory and operational documentation requirements. The company stated that the purchaser, Hyderabad Bottling Co. Private Limited, has indicated a slight delay in completing the transaction due to:

• Certain regulatory formalities
• Bank-related procedures
• Operational documentation requirements

Financial Impact

The Electronics Division has been a significant contributor to Keerthi Industries' revenue. Key financial details include:

Debt Repayment Plan

Keerthi Industries plans to utilize the proceeds from this slump sale to address its current debt obligations:

The company intends to use the sale proceeds primarily for repaying bank facilities, including term loans and cash credits. Any remaining balance will be allocated towards repayment or adjustment of unsecured loans.

Transaction Details

• Buyer: Hyderabad Bottling Co. Private Limited
• Nature of Transaction: Slump sale of Electronics Division
• Original Completion Date: November 30, 2025
• Revised Completion Date: December 31, 2025

Implications for Investors

This transaction represents a significant move for Keerthi Industries, potentially impacting its financial structure and future operations. The sale of a division contributing nearly 20% of total income signals a strategic shift, likely aimed at streamlining operations and improving the company's financial health through debt reduction.

Investors should closely monitor the completion of this transaction and its subsequent impact on Keerthi Industries' financial statements and operational focus in the coming quarters.

Note: All financial figures are based on FY2024-25 data as provided in the company's disclosure.

Keerthi Industries Limited , a prominent player in the cement sector, has reported its financial results for the second quarter of fiscal year 2026, revealing a challenging period for the company. The board meeting, held on November 13, 2025, also saw the appointment of a new Company Secretary and Compliance Officer.

Financial Performance

The company's financial results for Q2 FY2026 paint a picture of increased losses and reduced revenue:

For the half-year period, Keerthi Industries reported:

The cement segment, a key business area for the company, recorded a loss of ₹610.84 lakh before tax and finance costs in Q2.

Corporate Updates

In a significant move, the board has approved the appointment of Ms. Anupama Iyer as the new Company Secretary and Compliance Officer, effective November 13, 2025. Ms. Iyer brings valuable experience to the role:

• Associate member of the Institute of Company Secretaries of India (ICSI)
• Bachelor's Degree in Commerce
• Expertise in NBFC compliances and company law
• Experience in secretarial practices, including ROC compliances and SEBI listing regulations

Business Restructuring

Keerthi Industries is in the process of transferring its Electronics Division business to Hyderabad Bottling Co. Pvt. Ltd. through a slump sale. This division has been classified as discontinued operations, signaling a strategic shift in the company's focus.

The financial results and corporate actions reflect Keerthi Industries' efforts to navigate challenging market conditions while streamlining its operations. The appointment of Ms. Iyer as Company Secretary may bring fresh perspectives to the company's compliance and corporate governance practices. Investors and stakeholders will likely be watching closely to see how these changes impact the company's performance in the coming quarters.