Kovilpatti Lakshmi Roller Flour Mills Limited has announced a strategic land acquisition in Puducherry, marking a significant step in the company's expansion plans. The Finance and Administrative Committee approved the purchase during their meeting on December 11, 2025, demonstrating the company's commitment to securing assets for future business growth.

Land Acquisition Details

The company has approved the purchase of vacant land measuring approximately 2.72 acres located in Puducherry. This acquisition represents a substantial investment in the company's infrastructure development strategy.

Transaction Structure and Compliance

The proposed transaction falls outside the purview of related party transactions, as the sellers are unrelated third parties. The company has confirmed that none of the promoter, promoter group, or group companies have any interest in the proposed transaction, except to the extent of their shareholding in the company.

The acquisition does not require any governmental or regulatory approvals, streamlining the transaction process. The company intends to complete the purchase at prevailing market conditions while ensuring the total consideration does not exceed ₹4.00 crores.

Business Impact and Future Plans

Kovilpatti Lakshmi Roller Flour Mills has stated that the land acquisition is intended for future business requirements. The company currently has no immediate proposal to carry out activities on the vacant land, and there is no immediate impact expected on existing business operations.

The company has committed to promptly inform the stock exchange of any material developments related to this land acquisition. This transparency approach aligns with regulatory requirements and keeps stakeholders informed of significant corporate developments.

Meeting and Regulatory Disclosure

The Finance and Administrative Committee meeting commenced at 3:30 PM IST and concluded at 4:30 PM IST on December 11, 2025. The approval was granted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has provided comprehensive disclosure as required under the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full compliance with regulatory requirements for material acquisitions.

Kovilpatti Lakshmi Roller Flour Mills Limited (KLRF), a company primarily known for its flour milling operations, is taking steps to diversify its business portfolio. The company has initiated a postal ballot process to seek shareholder approval for altering its Memorandum of Association to include hotel and hospitality business operations.

Key Details of the Postal Ballot

• Voting Period: The remote e-voting period runs from November 19, 2025 to December 18, 2025.
• Purpose: To consider and grant approval for the alteration of the objects clause of the Memorandum of Association of the Company.
• Resolution Type: Special Resolution

Proposed Changes

The company aims to add a new sub-clause (7) to the Objects Clause (III)(A) of its Memorandum of Association. This addition would allow KLRF to:

• Carry on business as hoteliers, hotel proprietors, and managers
• Operate restaurants, cafes, and various food and beverage establishments
• Engage in tour operations and event management
• Construct, acquire, and maintain hotels, resorts, and other hospitality-related facilities

Strategic Implications

This move signals KLRF's intention to diversify its revenue sources and potentially enhance profitability through expansion into the hotel and hospitality sector. The company's board views this as a strategic expansion that could open up new growth avenues.

Voting Process

Shareholders can cast their votes electronically through the remote e-voting system provided by MUFG Intime India Private Limited. The company has appointed Sri. M.D. Selvaraj, FCS, as the Scrutinizer to ensure a fair and transparent voting process.

Importance for Investors

This proposed alteration represents a significant shift in KLRF's business strategy. Shareholders should carefully consider the potential impacts of this diversification on the company's future operations and financial performance before casting their votes.

The results of the postal ballot will be announced within two working days from the conclusion of the remote e-voting period and will be available on the company's website as well as communicated to the BSE Limited.

As KLRF looks to venture beyond its traditional flour milling business, this move could mark the beginning of a new chapter in the company's growth story, subject to shareholder approval.