KNR Constructions Limited has announced an investment of ₹44.65 crore in KNR Sriranganatha Infra Private Limited, a wholly-owned subsidiary. This investment was made by subscribing to equity shares issued on a rights basis. The subsidiary is focused on undertaking the construction of a major four-laning project on the Mysore to Kushalnagara section of NH-275 in Karnataka. The investment is part of a facility agreement with lenders and a concession agreement with NHAI.
KNR Constructions Invests in Infrastructure Subsidiary
KNR Constructions Limited has disclosed an investment amounting to ₹44.65 crore in its wholly-owned subsidiary, KNR Sriranganatha Infra Private Limited (KSIPL). This significant capital infusion was executed through the subscription of equity shares issued on a rights basis by KSIPL. The announcement was made on November 3, 2026.
Strategic Project Development
The primary objective for KSIPL, as per the disclosure, is to undertake the crucial project of “Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH-275” in Karnataka. This project, identified as Package V, involves significant infrastructure development, aligning with KNR Constructions’ core business in the engineering and construction sector.
Financial and Operational Details
The investment of ₹44.65 crores represents 4,46,500 equity shares at a price of ₹1000/- each, bringing the cumulative investment up to ₹44.75 crores. The subsidiary was incorporated on March 27, 2023, and its turnover for the fiscal year 2025-26 was reported at ₹7982.23 lakhs. The transaction is structured as a cash consideration and adheres to terms outlined in a facility agreement with lenders and a concession agreement with NHAI. While KSIPL is identified as a related party, the transaction is exempt from certain regulations as it occurs between a holding company and its wholly-owned subsidiary.
Source: BSE
