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Kabra Extrusiontechnik Limited was incorporated in 1982. It is part of the Kolsite group and operates in the business of plastic extrusion machinery. KET specializes in providing plastic extrusion machinery for manufacturing pipes and films. It has two manufacturing locations in Daman. Co. has also started Lithium ion battery packs business from FY21
Kabra ExtrusionTechnik's brand GEON to develop & supply battery packs in Vietnam for a top passenger vehicle manufacturer. This expands their electric mobility presence internationally.
Kabra Extrusiontechnik's GEON brand secured a Letter of Intent from a top 3 Indian 2-wheeler manufacturer. This collaboration involves developing and supplying battery packs, significantly expanding the company's electric mobility presence.
Kabra Extrusiontechnik is commencing production of high voltage Battery Packs for Four-Wheeler Passenger Vehicles under its GEON brand at its Pune facility. This expands its new energy product portfolio, strengthening its position in the growing electric mobility and energy storage segment.
Kabra Extrusiontechnik updated its preferential share issue. An ineligible allottee was replaced with Rakesh Amarlal Hinduja. The total issue of 37.6 lakh shares at ₹375/share, worth ₹141 Cr, remains unchanged.
Kabra Extrusiontechnik's Board approved replacing an allottee for its preferential share issue, with Mr. Rakesh Hinduja (Non-Promoter) now allotted 26,666 shares. Total shares, issue price, and aggregate size of the preferential issue remain unchanged.