Shree Krishna Infrastructure Limited (**SKIL**) is an Indian diversified entity listed on the **BSE SME Platform** (Scrip Code: **542146**). Established on **July 3, 1990**, and recognized as a registered **MSME**, the company is currently undergoing a transformative phase. Historically focused on infrastructure and land development, SKIL is aggressively pivoting toward a multi-sectoral model encompassing **FMCG, Beverages, Pharmaceuticals, and Agri-business** under new promoter leadership. --- ### **Corporate Transition & Strategic Control** As of late **2024** and early **2025**, the company has entered a definitive period of management change intended to drive its new diversified mandate. * **Change in Ownership:** In **November 2024**, a Share Purchase Agreement (**SPA**) was executed, leading to an **Open Offer** by **Mr. Prashant Natwarlal Lakhani** (the Acquirer). * **Acquisition Details:** The Acquirer sought to purchase **43,53,763** equity shares (**39.58%**) via the SPA at **₹11** per share, with an additional Open Offer for **28,60,000** shares (**26.00%**) at **₹12** per share. * **Post-Offer Holding:** The projected promoter holding is **72,13,763** equity shares (**65.58%**), ensuring the company remains compliant with the **25% minimum public shareholding** requirement. * **Leadership Evolution:** **Mr. Prashant Lakhani** was appointed as **Executive Director** in **July 2025**, succeeding **Mr. Ravi Rajiv Kotia**, who previously served as Chairman and Managing Director. --- ### **Diversified Business Verticals** Following formal amendments to its **Memorandum of Association (MOA)** in **September 2024**, SKIL has expanded its operational scope into high-growth consumer and industrial segments. #### **1. Infrastructure, Real Estate & Logistics** The legacy core of the company involves the acquisition and development of land for residential and commercial utility. * **Development:** Construction of roads, drains, water supply systems, and electricity infrastructure for colonies and business premises. * **Logistics:** Operating as general carriers and haulage contractors using **lorries, cranes, and trucks**. Services include warehousing, forwarding agencies, and garage proprietorship. #### **2. Beverages & FMCG** SKIL has established a comprehensive value chain for the manufacturing and distribution of consumable goods. * **Beverages:** Distilling, refining, and bottling of **Alcoholic and Non-Alcoholic Beverages**, including energy drinks, carbonated water, fruit drinks, tea, and coffee. * **Food Processing:** Production of **Organic/Inorganic food products**, canned foods, milk products (condensed milk), and squashes. #### **3. Healthcare & Pharmaceuticals** The company has integrated facilities for the processing and global distribution of medical supplies. * **Product Range:** Manufacturing of **Tablets, Capsules, Syrups, Injections, and Ointments**. * **Specializations:** Antibiotics, vaccines, **Nutraceuticals**, Ayurvedic products, and dietary supplements. * **Medical Equipment:** Distribution of surgical instruments, hospital requisites, and artificial limbs. #### **4. Agri-Business & Millets** SKIL engages in large-scale farming and procurement with a specific focus on the "superfood" segment. * **Millet Initiative:** Signed an **MOU** with **Divine Consciousness Private Limited** in **April 2024** for joint product development in **Jowar, Bajra, and Ragi**. * **Commodities:** Processing of wheat, pulses, and oilseeds (extraction and crushing). #### **5. EV Ecosystem & Digital Platforms** The company maintains a presence in the emerging Electric Vehicle sector through digital infrastructure. * **EV-Vahan Digital Platform:** A dedicated portal for EV manufacturers and a **Second-Hand EV buy/sell platform**. * **EV Digital Newspaper:** Providing industry updates and market intelligence. * **Distribution:** Plans for **OEM tie-ups** across **Gujarat, Rajasthan, Uttar Pradesh, Delhi, and Maharashtra**. --- ### **Financial Performance & Capital Structure** SKIL maintains a lean financial profile, characterized by low leverage and a focus on internal accruals for growth. | Metric | FY 2024-25 (Provisional/Annual) | FY 2023-24 (Audited) | | :--- | :--- | :--- | | **Total Revenue** | **₹84.13 lakhs** | **₹86.82 lakhs** | | **Total Expenses** | **₹74.29 lakhs** | **₹77.41 lakhs** | | **Profit Before Tax (PBT)** | **₹4.61 lakhs** | **₹4.18 lakhs** | | **Profit After Tax (PAT)** | **₹3.45 lakhs** | **₹3.13 lakhs** | **Key Financial Highlights:** * **Capital Expansion:** The **Paid-up Capital** stands at **₹1,100.00 Lacs** following the final conversion of **5,00,000** warrants in **April 2024**. * **Investment Capacity:** Shareholders approved an increase in investment/loan limits under Section 186 to **₹25 Crores**. * **Liquidity Management:** As of September 2024, the company held **₹9.16 Crores** in long-term loans and advances, including **₹3.85 Crores** in Inter-Corporate Deposits (ICDs). * **Dividend Policy:** Profits are currently **ploughed back** into operations to fund diversification; no dividends were recommended for the recent cycle. --- ### **Strategic Growth Catalysts** * **Main Board Migration:** In **December 2023**, shareholders approved the migration from the **BSE SME platform** to the **BSE Main Board**, a move intended to enhance liquidity and attract institutional investors. * **Government Alignment:** The company is positioning its infrastructure and agri-business wings to benefit from national schemes such as **PM Gati Shakti**, **Smart Cities Mission**, and the **International Year of Millets** initiatives. * **Geographic Expansion:** Targeting **Tier-II and Tier-III cities** where infrastructure demand and FMCG penetration are rising rapidly. --- ### **Risk Assessment & Mitigation** | Risk Factor | Impact & Context | Mitigation Strategy | | :--- | :--- | :--- | | **EV Market Volatility** | High purchase costs and "Range Anxiety" limit EV adoption to **<1%** of total vehicle sales. | Diversification into FMCG and Pharma to reduce dependency on the EV sector. | | **Regulatory & Execution** | Delays in government contracts and land development approvals. | Strengthening governance with the re-appointment of **Independent Directors** for 5-year terms. | | **Input Cost Inflation** | Volatility in construction materials and raw agri-commodities. | Implementation of **cost optimization** measures and integrated manufacturing. | | **Operational Risks** | Technical failures in EV electronics or battery management. | **Insurance of all assets** and focus on secondary market platforms rather than heavy manufacturing. | --- ### **Governance & Compliance** * **Authorized Capital:** **₹1,250.00 Lacs** (**1,25,00,000** equity shares of **₹10** each). * **Listing Status:** Listed on **BSE SME** since **December 3, 2018**. * **Regulatory Oversight:** The company operates under a single reportable segment for accounting purposes (**Infrastructure and Construction Development**) but is transitioning its reporting as new verticals scale. * **Board Strength:** Recent re-appointments, including **Mr. Sumitkumar Jayantibhai Patel** as Independent Director (until **2030**), ensure continued regulatory compliance during the promoter transition.