Agarwal Industrial Corporation to Acquire 100% Shares of Konkan Storage Systems

Agarwal Industrial Corporation Ltd. has announced a proposal to acquire 100% equity shares of Konkan Storage Systems (Karwar) Private Limited, a company engaged in port-based industrial and infrastructure activities. This decision comes after the discovery of typographical errors in a previous disclosure made by the company. Konkan Storage Systems will become a Wholly Owned Subsidiary (WOS) of Agarwal Industrial Corporation Ltd. post execution of the Share Purchase Agreement and necessary regulatory compliances. The acquisition is expected to be completed by the end of September 2025.