Kuber Udyog's Board has approved a major strategic shift and capital raising.

The company will acquire 100% equity in Golden Ikon Fleet Management for Rs. 176.22 Cr, issuing 7.6285 Cr new shares for the acquisition.

This move diversifies Kuber Udyog into fleet management, a new business line.

To support future growth, the authorized capital will increase from Rs. 5 Cr to Rs. 125 Cr.

The company also plans a preferential issue of 3.955 Cr equity shares and 3.70 Cr warrants, while increasing the investment limit for FPI/FII/NRI to 100%. Golden Ikon reported Rs. 307.92 Cr revenue in 2026.