Kiran Vyapar Ltd

Target entity

• GFPL is Greshma Finvest Private Limited, an NBFC incorporated in India.
• Line of business is financial services as an NBFC.
• Presence is in India.

Size and financials

• FY2025-26 turnover was ₹1,40,45,579.
• PAT for FY2025-26 was ₹29,28,528.
• Net worth stood at ₹77,75,78,848.

Transaction details

• Acquisition is not a related party transaction.
• Promoter and promoter group have no interest in GFPL.
• Equity stake acquired equals 0.68% of GFPL post-issue capital.
• 85,966 equity shares will be subscribed.
• Total consideration up to ₹11,86,33,080.
• Form of consideration is cash.
• Completion subject to allotment of GFPL equity shares by its Board.

Rationale and sector

• Industry is NBFC; target to expand investment and financial services.
• Strategic to enhance Kiran Vyapar's business.

Regulatory

• No governmental or regulatory approvals required.

Background of target

• Incorporated on 12 October 2010; CIN U5999MH2010PTC208887.
• Registered office: Mumbai, India.

Turnover history

• Turnover FY2023-24 ₹9,74,24,972.
• Turnover FY2024-25 ₹5,07,16,145.

AGM details

• Date and time: 26 September 2026, 2:30 PM IST.
• Mode: VC/OAVM.

Key resolutions

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements; passed with 99.89% in favour.
• Resolution 2 (Ordinary): Declare final dividend on equity shares; passed with 99.89% in favour.
• Resolution 3 (Ordinary): Re-appoint Alka Lakshmi Niwas Bangur as director; passed with 99.88% in favour.
• Resolution 4 (Special): Continue Alka Lakshmi Niwas Bangur as Non-Executive Director post-75; passed with 99.88% in favour.
• Resolution 5 (Ordinary): Approve material related party transactions; passed with 97.06% in favour; related-party votes treated as invalid.

Dividend

• Final dividend on equity shares approved for FY2026.

Director changes

• Re-appointment of Alka Lakshmi Niwas Bangur as director.
• Continuation as Non-Executive Director after attaining 75 years; approved.

Material related party transactions

• Material related party transactions approved; counterparty and value not disclosed.

AGM Details

• AGM held on 26 September 2026 at 2:30 PM via VC/OAVM.
• Remote e-voting window from 23 September 2026 9:00 AM to 25 September 2026 5:00 PM.
• Scrutinizer appointed for remote voting and AGM voting.

Ordinary Business Resolutions

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Declaration of final dividend on equity shares for year ended 31 March 2026.
• Re-appointment of Mrs. Alka Lakshmi Niwas Bangur as Director liable to retire by rotation.

Special Business Resolutions

• Approval of continuation of directorship of Mrs. Alka Lakshmi Niwas Bangur as Non-Executive Director upon attaining age 75.

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.