Atul Auto Invests ₹18.34 Cr in Wholly-Owned Subsidiary KAFL
Atul Auto Limited has invested ₹18,34,39,800 (₹18.34 Crore) in its wholly-owned subsidiary, Khushbu Auto Finance Limited (KAFL), by subscribing to equity share capital on a rights basis. The shares were allotted on September 30, 2026. This investment increases Atul Auto's total investment in KAFL to ₹96.15 Crore, while maintaining its 100% shareholding. KAFL, an NBFC categorized as an Investment and Credit Company, primarily finances Atul Auto's three-wheelers. The proceeds from this investment will be utilized to redeem Redeemable Preference Shares issued by KAFL to promoters of Atul Auto in 2021. As of March 31, 2026, KAFL reported a paid-up share capital of ₹7088 Lakh (₹70.88 Crore), turnover of ₹4583 Lakh (₹45.83 Crore), net worth of ₹14067 Lakh (₹140.67 Crore), and a profit after tax of ₹294 Lakh (₹2.94 Crore).
Key Highlights
- Atul Auto invested ₹18.34 Crore in its wholly-owned subsidiary, KAFL.
- The investment was made by subscribing to equity shares on a rights basis.
- This maintains Atul Auto's 100% shareholding in KAFL.
- Total investment in KAFL now stands at ₹96.15 Crore.
- Funds will redeem promoter-held preference shares in KAFL.
Price Impact
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