Kati Patang Lifestyle Board Approves Financial Results, Acquisition Plan

Kati Patang Lifestyle Ltd announced that its Board of Directors met on July 25, 2026. The board considered and approved the Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. Additionally, the company entered into a Term Sheet for the proposed acquisition of 51% of the equity shares of Chhota Hazri Spirits Private Limited, a company engaged in the alcoholic and non-alcoholic beverages business. This acquisition is subject to due diligence and fulfillment of conditions in the Share Purchase Agreement, and upon completion, Chhota Hazri Spirits will become a subsidiary. The board also approved a change in designation for Mr. Sanjay Kumar Jain from Independent Director to Non-Executive Non-Independent Director, subject to shareholder approval. Furthermore, the Nomination and Remuneration Committee was authorized to administer and implement the Kati Patang Lifestyle Employee Stock Option Scheme – 2025.