Shristi Infra approves demerger of Krishnagar Sentrum; FY26 turnover ₹12.82 Cr
Shristi Infrastructure Development Corporation Ltd's Board approved a Scheme of Arrangement (demerger) between itself and its wholly-owned subsidiary, Shristi Realty Holdings Limited. The scheme involves transferring the 'Krishnagar Sentrum' undertaking, which includes the business of construction and sale of a mixed-use real estate project in Krishnanagar, West Bengal, as a going concern. The Appointed Date for the demerger is October 1, 2026. The Krishnagar Sentrum's turnover for FY 2025-26 was ₹1,281.72 Lakhs (₹12.82 Crore), representing 18.37% of the company's total standalone turnover. The demerger aims for strategic portfolio realignment and sharper business focus, and is subject to various regulatory and shareholder approvals.
Key Highlights
- Board approved demerger of Krishnagar Sentrum into wholly-owned subsidiary.
- Demerged unit's FY26 turnover was ₹1,281.72 Lakhs (₹12.82 Crore).
- Krishnagar Sentrum contributed 18.37% to total company turnover in FY26.
- Scheme aims for strategic portfolio realignment and sharper business focus.
- Demerger is subject to regulatory, shareholder, and NCLT approvals.
Price Impact
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