Shares of SRF Limited slipped nearly 4% in Tuesday’s trade after its promoter, Kama Holdings Limited, announced plans to sell up to 3% of its stake in the company. In contrast, Kama Holdings shares rallied around 6% as investors cheered the proposed monetisation move.
The announcement came after Kama Holdings’ board meeting held on Tuesday, February 17, 2026 (IST), where directors approved, subject to shareholder approval through a special resolution, the proposal to dispose of up to 3% of the paid-up share capital of SRF Limited. The sale is proposed to be completed by March 31, 2027.
Currently, SRF is a material subsidiary of Kama Holdings and contributes the bulk of the holding company’s consolidated financials. As per the disclosure, SRF accounted for 99.51% of Kama Holdings’ consolidated turnover and 87.50% of its consolidated net worth in the last financial year. This highlights how significantly Kama’s financial performance is tied to SRF.
The proposed disposal could potentially bring Kama Holdings’ shareholding in SRF below 50%, which means SRF may cease to be a subsidiary if the stake falls under the majority threshold. However, the company clarified that the transactions will be executed in the open market and no promoter or promoter group entity will be involved as a buyer. The consideration from the sale cannot be ascertained at this stage, as it will depend on market prices at the time of execution.
Kama Holdings
SRF
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