Kewal Kiran Clothing Limited announced that the Board of Directors have at their meeting held on February 22, 2024 approved incorporation of a wholly owned subsidiary of the Company. Name of the target entity: Kewal Kiran Lifestyle Limited or any other name as may be approved by Ministry of Corporate Affairs. The wholly owned subsidiary company once incorporated will be related party of the Company.

Industry to which the entity being acquired belongs: Apparel manufacturing, retailing and related activities.