Kilburn Engineering Limited has announced the formation of a Joint Venture Company (JVC) with East End Technologies Private Limited, an Odisha-based engineering and manufacturing company. The strategic partnership aims to expand Kilburn's mechanical site execution presence across Eastern India through joint bidding for complex industrial projects.

Joint Venture Structure and Strategic Framework

The Board of Directors approved the execution of a binding term sheet during a meeting held on December 22, 2025. The joint venture will be incorporated in Kolkata and operate as a subsidiary of Kilburn Engineering Limited.

Business Scope and Market Focus

The JVC will focus on piping fabrication and erection, structural fabrication and erection, equipment erection, and pre-commissioning support for mechanical works. The company will primarily serve industries including oil and gas, fertilizers, petrochemicals, and steel plants across Eastern India.

This partnership represents a strategic shift for Kilburn, which has historically executed site-related mechanical fabrication and erection works through external contractors. The joint venture will enable Kilburn to directly participate in bidding for site-intensive mechanical projects while exercising greater control over quality, safety, timelines, and cost efficiency.

Partner Profile and Capabilities

Founded in 1999, East End Technologies Private Limited brings significant expertise to the partnership. The company operates one of the largest manufacturing facilities in Eastern India and holds a strong market position in furnace-related equipment supply to ferro-alloy plants in the region.

Management Commentary and Strategic Vision

Ranjit Lala, Managing Director of Kilburn, commented that the joint venture represents a significant milestone in Kilburn's strategic expansion into site execution. The partnership combines complementary strengths to create a robust platform for executing complex site projects across India.

Amritanshu Khaitan, Director of Kilburn Engineering Limited, emphasized that Eastern India represents an important growth region. The joint venture will combine strong local execution expertise with Kilburn's mechanical engineering capabilities, enabling a more competitive offering for customers seeking high-quality site-based mechanical works.

Regulatory Framework and Timeline

The joint venture formation is subject to necessary statutory and governmental approvals. A definitive agreement will be executed within 90 days from the term sheet execution, with detailed terms to be mutually agreed between the parties and disclosed as per applicable laws under SEBI Listing Regulations.

Kilburn Engineering Limited has completed a significant preferential allotment by converting 2,50,000 warrants into equity shares. The Share Allotment Committee approved this conversion on December 24, 2025, marking a substantial capital infusion for the engineering company.

Details of the Latest Allotment

The company has allotted 2,50,000 equity shares of face value Rs. 10.00 each in dematerialized form to two entities:

Warrant Conversion Breakdown

The allotment comprises conversions from two separate warrant holders:

Impact on Share Capital Structure

The warrant conversion has resulted in a notable increase in the company's paid-up equity share capital:

Warrant Payment Structure

The warrant conversion followed a structured payment mechanism. Initially, 25% of the issue price (Rs. 106.25 per warrant) was paid upfront during the original warrant allotment in November 2024. The remaining 75% (Rs. 318.75 per warrant) was received by the company for the conversion, totaling Rs. 7,96,87,500.

Regulatory Compliance

The allotment was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulatory guidelines. The newly allotted equity shares will rank pari passu with existing equity shares of the company. The Share Allotment Committee meeting was held from 4:50 PM to 5:10 PM on December 24, 2025, ensuring proper governance procedures were followed.