Kranti Industries Gains 4.68% on JV with Kores Group; Board Meet on Oct 8

Pune, October 6, 2025: The shares of Kranti Industries Limited rose by 4.68%, closing at ₹87 on Monday, following the company’s announcement of signing a Memorandum of Understanding (MOU) with Kores Group to establish a new joint venture, Krako Precision Private Limited. Additionally, the company revealed that it will seek board approval on 8 October 2025 for subscribing to shares in the new entity, highlighting its expansion plans in precision engineering and collaborative industrial ventures..

Kranti Industries Limited is based in Pune and manufactures precision-engineered components for core sectors such as automotive and heavy industries. The company is listed on the BSE (Auto Components and Equipment category). The company has expanded its presence through joint ventures and technology partnerships to enhance value creation in the core engineering business.

Joint Venture Details

The joint venture was finalised on 4 October 2025, with Kranti Industries Limited holding a 35% stake and Kores Group owning 65% of the new entity, Krako Precision Private Limited. The venture will establish a manufacturing facility in Halol, Gujarat, focused on the machining of critical casting components. Kranti Industries will play a key role by overseeing business operations and providing technical expertise. The JV is expected to strengthen Kranti Industries’ footprint in precision auto engineering, with board representation ensured through Mr Sachin and Sumit Vora.

Market Reaction

The stock of Kranti Industries Limited opened higher than the previous day’s close and remained in positive territory throughout Monday’s trading session. It closed at ₹87.00, marking a 4.68% increase from the prior day. The share touched an intraday high of ₹87.47, while total traded volume stood at 3,834 shares, generating a turnover of ₹0.03 crore. The session reflected sustained market interest following the announcement of the joint venture with Kores Group.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/027a8d73-50fc-4be3-8fd0-55f1e82ed111.pdf

https://www.bseindia.com/xml-data/corpfiling/AttachLive/f917e3af-e528-42cf-81c3-4622cffe7bee.pdf

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