KRBL Shareholders Approve Expansion into Real Estate and Allied Activities
KRBL's 32nd AGM saw shareholders overwhelmingly approve the inclusion of real estate development in the company's charter, marking a significant diversification beyond its core agri-foods business.
KrblReal EstateAgrifoodsDiversificationShareholder ApprovalReal Estate NewsSep 25, 2025
The resolution to include real estate development was passed with a decisive majority, with votes in favor outnumbering those against by more than three to one. The change will insert “real-estate development and allied activities” into Clause III(A) of the Memorandum of Association. This amendment will enable KRBL and its subsidiaries to acquire, develop, construct, lease, manage, and monetize immovable property.
The company’s management believes that this diversification will create a complementary growth engine alongside its core agri-foods business, enhancing long-term shareholder value. KRBL has been performing exceptionally well financially. In the June quarter, the company’s net profit surged by 74% year-on-year to ₹151 crore from ₹86.4 crore, while revenue climbed by 32% to ₹1,584 crore. Exports were the standout driver, nearly doubling due to robust demand in private label sales, while domestic revenue grew by 15%.
KRBL has established a formidable global presence, exporting to over 90 countries. This is supported by a domestic network of 850 distributors and the largest contact farming base for rice in India. The company’s strategic move into real estate is expected to leverage its existing strengths and open new avenues for growth.
As of 2:43 pm, shares of KRBL were trading 0.6% higher at ₹369.25 on the NSE, reflecting the market’s positive sentiment towards this strategic expansion. The company’s management is confident that this diversification will not only enhance its financial performance but also solidify its position as a diversified business entity in India’s economic landscape.
This move by KRBL underscores the company’s commitment to innovation and growth, aligning with the evolving market dynamics and consumer demands. By entering the real estate sector, KRBL aims to capitalize on the growing opportunities in this segment, while maintaining its leadership in the agri-foods industry.
Frequently Asked Questions
What is the main reason KRBL is expanding into real estate?
KRBL is expanding into real estate to create a complementary growth engine alongside its core agri-foods business, enhancing long-term shareholder value.
How did the shareholders vote on the real estate expansion?
The resolution to include real estate development was passed with a decisive majority, with votes in favor outnumbering those against by more than three to one.
What are the recent financial highlights of KRBL?
In the June quarter, KRBL’s net profit surged by 74% year-on-year to ₹151 crore, while revenue climbed by 32% to ₹1,584 crore. Exports nearly doubled due to robust demand in private label sales, and domestic revenue grew by 15%.
What is KRBL's global presence like?
KRBL exports to over 90 countries and is supported by a domestic network of 850 distributors and the largest contact farming base for rice in India.
How did the market react to KRBL's expansion into real estate?
As of 2:43 pm, shares of KRBL were trading 0.6% higher at ₹369.25 on the NSE, reflecting the market’s positive sentiment towards this strategic expansion.
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