Kiran Vyapar Invests ₹3 Cr in Alt Material Innovations

Kiran Vyapar Limited has subscribed to 244 Series A CCPS in Alt Material Innovations Private Limited (AMIPL) for a total consideration not exceeding INR 2,99,97,543 (INR 2.99 Crore). This represents a 1.017% stake in AMIPL's post-issue paid-up share capital. The acquisition is considered strategic and aims to enhance Kiran Vyapar's business activities. No governmental or regulatory approvals were required for this transaction. AMIPL's financial details for FY 2025-26 show a turnover of INR 0.33 Crore, PAT of INR 9.79 Crore, and net worth of INR 15.64 Crore. The transaction is not a related party transaction.