Kreon Finnancial Services Ltd

Kreon Finnancial Services Ltd trading window closed from Oct 01, 2026 until 48 hours after the declaration of the unaudited financial results for the quarter/half year ending September 30, 2026

Substantial acquisition details

• Acquirer Kreon Financial Services Limited; target Kairosoft AI Solutions Ltd.
• Pre-acquisition holding: 2,192,016 shares, 18.53%.
• Post-acquisition holding: 2,306,236 shares, 19.50%.
• Additional shares acquired: 114,220 (0.97%).
• Date of crossing 19% threshold: 28-09-2026.
• Mode of acquisition: Open Market.
• No promoter group affiliation.
• Equity shares rank pari-passu with existing shares.

Regulatory disclosure details

• Open-market sale of 210,203 shares reduces Kreon’s stake from 2,308,490 (19.51%) to 2,098,727 (17.74%).

Acquisition details

• Acquirer Kreon Financial Services Limited acquired 8,623 voting rights shares in Kairosoft AI Solutions Ltd.
• Pre-acquisition holding: 217,226 shares, 18.36%.
• Post-acquisition holding: 225,849 shares, 19.09%.
• Mode of acquisition: Open market.
• Date of acquisition: 11-Sep-2026.
• Shares acquired represent 0.73% of total voting capital.
• Total equity voting capital after: Rs 1,18,29,560 (11,82,956 shares).
• Total diluted voting capital after: 11,82,956 shares.
• Acquirer is not part of promoter/promoter group.
• Acquirer PAN: AAACT1144R.

Regulation 29(2) disclosure

• Acquirer: Kreon Financial Services Limited; Target: Gujarat Winding Systems Limited.
• Mode: Open Market; Date: 27-08-2026.
• Shares acquired: 30,000 voting shares; post-acquisition holding: 362,792 shares.
• Pre-acquisition holding: 332,792 shares (6.85%); post-acquisition holding: 7.47%.
• Total diluted share capital: 48,57,900 shares (Rs 4,85,79,000).
• Equity share capital after acquisition: Rs 4,85,79,000.
• Promoter group: No; Listed on BSE.

Acquisition details

• Filing discloses Kreon Financial Services Limited's acquisition in Gujarat Winding Systems Limited under SEBI SAST.
• Before acquisition, acquirer held 241,284 shares (4.97%) voting capital.
• Acquired 48,268 shares, 0.99% voting rights.
• Post-acquisition holding: 289,552 shares, 5.96%.
• Total diluted share capital after acquisition: 48,57,900 equity shares (Rs 10 each).
• Mode of acquisition: Open market.
• Date of acquisition: 25-08-2026.
• Target listed on BSE Limited.
• Acquirer does not belong to promoter/promoter group.
• Part-B discloses second target: GULARAT WINDING SYSTEMS LIMITED; acquirer Kreon; PAN AAACT1144R.

AGM Details

• AGM held Aug 26, 2026 at 11:00 IST via VC/OAVM.
• Voting cut-off date: Aug 19, 2026.

Key Resolutions

• Ordinary: Adoption of audited financial statements for FY ended Mar 31, 2026.
• Ordinary: Director retirement by rotation re-appointment (Henna Jain).
• Special: Remuneration of Chairman and Managing Director.
• Special: Remuneration of Joint Managing Director.
• Ordinary: Material RPT with Tatia Global Venture Limited (TGVL).
• Ordinary: Material RPT with Ashram Online Limited (AOL).
• Ordinary: Material RPT with OPPL.
• Ordinary: Material RPT with Mr. Jaijash Tatia.

Voting Results

• Adoption of financial statements: Passed; all valid votes in favour.
• Director re-appointment: Passed; all valid votes in favour.
• MD remuneration: Passed; 32 in favour, 2 against.
• Joint MD remuneration: Passed; 32 in favour, 2 against.
• RPT with TGVL: Passed; 26 in favour, 2 against.
• RPT with AOL: Passed; 27 in favour, 1 against.
• RPT with OPPL: Passed; 26 in favour, 2 against.
• RPT with Mr Jaijash Tatia: Passed; 27 in favour, 1 against.

Dividend

• No dividend proposed or declared.

Director Changes

• Henna Jain retires by rotation and stands for re-appointment.

Material RPTs

• TGVL: Borrowings from and lending funds with Tatia Global Venture Limited.
• AOL: Borrowings from and lending funds with Ashram Online Limited.
• OPPL: Borrowings from and lending funds with OPPL.
• Mr. Jaijash Tatia: Borrowings of funds from Mr. Jaijash Tatia.

FY2025-26 highlights

• Held 32nd Annual General Meeting.
• Credit extended during FY2025-26: ₹357.61 crores.
• New users onboarded: 2.24 lakhs.
• Customer retention: 91%.
• Loans disbursed: 18.9 lakhs.
• Plans to launch MyDayPayDay and expand multi-product ecosystem.

Shareholding change under Reg 29(2)

• Disclosure under SEBI SAST Reg 29(2) for Shivansh Finserve filed by Kreon.
• Acquirer: Kreon Financial Services Limited; target: Shivansh Finserve Ltd.
• Acquirer is not a promoter or part of promoter group.
• Pre-acquisition holding: 323,504 shares (5.18%).
• Shares acquired: 26,898; post-acquisition holding: 296,606 shares (4.75%).
• Mode of acquisition: Open Market; date: 12-08-2026.
• Equity share capital before/after: Rs 6,24,00,000 (62,40,000 shares).
• Target listed on BSE Limited.
• Salient: pari-passu ranking; holding drops below 5% on 12-08-2026.

Acquisition under Reg 29(2) SEBI SAST

• Acquirer Kreon Financial Services Ltd disclosed open-market acquisition in Kairosoft AI Solutions Ltd.
• Date of acquisition: 12-Aug-2026; mode: open market; instrument: equity shares of Rs 10.
• Pre-acquisition holding: 172,378 shares, 14.57% voting rights.
• Shares acquired in the period: 13,735 shares (1.16%).
• Post-acquisition holding: 186,113 shares, 15.73% voting rights.
• Total equity share capital after acquisition: Rs 1,18,29,560 / 11,82,956 shares.
• Acquirer is not part of the promoter/promoter group.
• PAN of acquirer: AAACT1144R.