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) has successfully obtained shareholder approval for its strategic diversification into the hotel and hospitality sector. The company announced the results of its postal ballot on December 19, 2025, confirming overwhelming support from shareholders for the proposed business expansion.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the company's diversification strategy:

Approved Business Expansion

The special resolution allows KLRF to alter its Memorandum of Association to include hotel and hospitality operations. The approved activities encompass:

• Operating as hoteliers, hotel proprietors, and managers
• Running restaurants, cafes, and food and beverage establishments
• Engaging in tour operations and event management
• Constructing, acquiring, and maintaining hotels, resorts, and hospitality facilities

Voting Process and Compliance

The postal ballot process was conducted entirely through remote e-voting, managed by MUFG Intime India Private Limited. Sri. M.D. Selvaraj, FCS, Managing Partner of MDS Associates LLP, served as the Scrutinizer to ensure transparency and fairness in the voting process.

The cut-off date for determining eligible shareholders was November 14, 2025, and the postal ballot notice was dispatched on November 18, 2025, through electronic mail to registered shareholders.

Strategic Implications

This unanimous approval marks a significant milestone in KLRF's transformation from a traditional flour milling company to a diversified business entity. The move into hospitality represents the company's strategy to explore new revenue streams and enhance long-term profitability beyond its core flour milling operations.

The resolution was deemed passed on December 18, 2025, being the last date for receipt of postal ballot voting, and the results were formally declared by Chairman and Managing Director Sharath Jagannathan on December 19, 2025.