Pursuant to Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kranti Industries has informed that on this auspicious day of Gudi Padwa, the company has entered into Share Purchase Agreement ('SPA') with Vivek Nilkanth Deshmukh ('Existing Shareholder' of Preciso Metall) for acquiring total of 55% issued equity shares of Preciso Metall ('Preciso') by way of transfer process in an agreed phase manner. Further to above, the details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR / CFD / CMD / 4 / 2015 dated 9th September, 2015, are enclosed as an Annexure 1.
The above information is a part of company’s filings submitted to BSE.
