| <p>Gem Aromatics Limited announced that its Executive Committee of the Board approved the conversion of a pre-existing inter-company loan into equity shares of its wholly owned subsidiary, Krystal Ingredients Private Limited, which reported a turnover of Rs 323.296 million and a net worth of Rs 598.643 million for the fiscal year ending March 31, 2026. The transaction, which is considered an arm’s length related party transaction, will not involve any fresh capital infusion and is expected to be completed within one month.</p> |