Acquisitions7 May 2026, 05:31 pm
Krystal Integrated to Acquire Citelum India; Reappoints Directors
AI Summary
Krystal Integrated Services Ltd's board approved the acquisition of 100% equity shares of Citelum India Private Limited via a Share Purchase Agreement. The board also approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹1.50 per equity share. Additionally, the board approved the re-appointment of key managerial personnel, including the Managing Director, Whole-time Director & CEO, and Whole-time Director, for a term of 3 years, subject to shareholder approval.
Key Highlights
- Krystal Integrated will acquire 100% equity of Citelum India through a Share Purchase Agreement.
- A final dividend of ₹1.50 per share (15% of face value) was recommended for FY26.
- Neeta Prasad Lad re-appointed as Chairperson and Managing Director for 3 years.
- Sanjay Suryakant Dighe re-appointed as Whole-time Director & CEO for 3 years.
- Saily Prasad Lad re-appointed as Whole-time Director for 3 years.