Keerthi Industries Board Approves INR 36 Crore Electronics Division Sale Agreement
Published on: March 28, 2026, 3:14 p.m. | Source: scanx.trade
Keerthi Industries Limited successfully concluded its 214th Board Meeting on March 28, 2026, approving the addendum to Business Transfer Agreement for selling its Electronics Division to Keerthi Holdings Private Limited for INR 36 crores. The Electronics Division contributed INR 24.29 crores (19.87% of total income) to the company's INR 122.23 crores total income. The strategic sale aims to reduce the company's total borrowings of INR 55.65 crores, potentially saving INR 3.60 crores annually in interest expenses.
