Kranti Industries Limited (KIL) has taken a significant step towards expanding its operational footprint in North India by signing a Memorandum of Understanding (MoU) with Universal Autofoundry Limited (UFL). The agreement, executed on October 18, 2025, outlines a strategic collaboration set to commence on January 1, 2026.

Key Details of the MoU

Strategic Implications

The collaboration aims to leverage the core competencies of both companies:

• UFL's Contribution: Foundry capabilities and casting component manufacturing
• Kranti's Expertise: Precision machining and operational management

This synergy is expected to enhance productivity, quality, and operational efficiency, potentially creating long-term value for both entities.

Operational Changes

As part of the agreement, UFL plans to consolidate its machine shops from two locations into a single facility at their Unit 3 plant in Sargoth. This consolidation involves:

1. Transferring machines from UFL's Unit 1 to Unit 3
2. Leasing the consolidated facility to Kranti Industries
3. Kranti taking over the operation and management of the machine shop

Financial and Corporate Governance Aspects

The MoU has been structured with transparency and good corporate governance in mind:

• No promoters, promoter groups, or related parties have any interest in this transaction
• The agreement does not fall under related party transactions
• No special rights such as board appointments or capital structure changes are included

Future Outlook

This strategic move is poised to strengthen Kranti Industries' presence in North India while expanding its machining capacity. By fostering synergistic growth with a complementary manufacturing partner, Kranti aims to enhance its operational capabilities and market position.

The execution of definitive agreements will solidify this partnership, marking a new chapter in the growth strategies of both Kranti Industries and Universal Autofoundry.

Note: The implementation of this MoU is subject to the execution of definitive agreements between the parties.

Kranti Industries has received a significant boost to its electric vehicle (EV) component manufacturing business. The company announced that it has secured approval from Pinnacle Mobility Solutions Private Limited, operating under the brand name Eka Mobility, to commence series production of EV components for 3-wheeler commercial vehicles.

Key Highlights

• Approval Received: Kranti Industries has obtained clearance from Eka Mobility to start series production of EV components.
• Contract Value: The estimated annual business value is approximately ₹2.00 crore.
• Nature of Work: The contract involves job work for EV components.
• Vehicle Type: The components are intended for 3-wheeler commercial vehicles.
• Domestic Order: The contract is with a domestic entity, with no related party transactions involved.

Contract Details

To provide a clearer picture of the agreement, here's a breakdown of the key contract details:

This development follows Kranti Industries' product development efforts that were initially announced earlier. The company has successfully developed the product and received the necessary approvals to move forward with production.

Company's Perspective

Kranti Industries views this approval as a significant milestone in its foray into the EV component manufacturing sector. The contract not only validates the company's product development capabilities but also positions it as a player in the growing electric vehicle market, particularly in the commercial vehicle segment.

Market Implications

The approval from Eka Mobility could potentially open doors for Kranti Industries to secure similar contracts in the future. As the demand for electric vehicles continues to rise, particularly in the commercial sector, this move could position Kranti Industries favorably in the EV supply chain.

While the current contract value of ₹2.00 crore may seem modest, it represents a strategic entry point for Kranti Industries into the EV component market. The successful execution of this contract could lead to expanded opportunities and potentially larger orders in the future.

Investors and market watchers will likely keep a close eye on how this new venture impacts Kranti Industries' overall business performance and whether it leads to a significant diversification of the company's revenue streams in the coming years.

As the EV market in India continues to evolve, partnerships and contracts like these between component manufacturers and vehicle producers are expected to play a crucial role in shaping the industry's landscape.