Kiran Vyapar Ltd

Board action & audit

• Board approved standalone and consolidated results for quarter ended 30 June 2026.
• Board meeting held on 8 August 2026.
• Limited Review Report by V Singhi & Associates attached.
• One subsidiary, Peepul Tree Capital Pte Ltd, not reviewed.

Meeting details

RTA certificate details

• Certificate received from the RTA for quarter ended 30 June 2026.

Target Entity and Description

• Greshma Finvest Private Limited (GFPL), an NBFC incorporated in India on 12 October 2010.
• Registered office in Mumbai, Maharashtra, India.

Size and Financials 📊

• Paid-up share capital: INR 1.11 crore (11,13,024 equity shares of Rs. 10 each).
• Turnover: INR 47.82 million (FY 2022-23), INR 97.42 million (FY 2023-24), INR 50.72 million (FY 2024-25).
• Net worth: INR 6.54 crore (FY 2024-25).
• Profit after tax: INR 3.68 million (FY 2024-25).

Acquisition Details 📍

• Acquisition of 0.681% of GFPL’s paid-up equity share capital.
• Consideration: cash, not exceeding INR 2.44 crore.
• Not a related party transaction; no promoter/promoter group interest in GFPL.
• No regulatory or governmental approvals required.
• Completion subject to conditions precedent under Share Subscription Agreement dated 9 February 2026.

Industry and Strategic Rationale

• GFPL operates as a Systemically Important Non-Deposit taking NBFC in India.
• Acquisition aims to expand and enhance the acquirer’s investment and financial services activities, aligned with core business.

Target Entity and Business

• Greshma Finvest Private Limited (GFPL), an NBFC incorporated in India on October 12, 2010.
• Registered office in Mumbai, Maharashtra, India.

Size and Financials

• Paid-up share capital: INR 1.11 crore (11,13,024 equity shares of Rs. 10 each).
• Turnover: INR 4.78 crore (FY 2022-23), INR 9.74 crore (FY 2023-24), INR 50.72 crore (FY 2024-25).
• Net worth: INR 6.54 crore (FY 2024-25).
• Profit after tax: INR 36.84 lakh (FY 2024-25).

Acquisition Details

• Acquisition of 0.681% of GFPL’s paid-up equity share capital.
• Consideration: cash, not exceeding INR 2.44 crore.
• Transaction is not a related party transaction; no promoter/promoter group interest.
• No governmental or regulatory approvals required.
• Completion subject to customary conditions precedent per Share Subscription Agreement dated February 9, 2026.

Strategic Rationale

• Acquisition aims to expand and enhance the acquirer's investment and financial services activities within the NBFC sector.