Shares of KRBL Ltd soared 3% on Friday, 3 October, after the company announced that they have been named the successful bidder in the E-auction for the acquisition of immovable assets in Panipat, Haryana, for Rs 402.86 crore. 

KRBL was declared the victorious bidder in the e-auction held by the Justice (Retd.) R.M. Lodha Committee in the case of PACL Ltd for the sale of immovable properties in Panipat, Haryana. The corporation received notification on 1 October 2025.

KRBL stated that the acquisition is intended for the purpose of establishing a plant, carrying out warehousing and related activities, or partially monetising the site. KRBL successfully offered Rs 402.86 crore against the reserve price of Rs 104.1 crore for the assets.

The shares fell last month after Anil Kumar Chaudhary, the company’s independent director, resigned due to concerns about corporate governance. In his resignation, Chaudhary stated: “I believe that effective governance and truly independent oversight are essential ingredients for safeguarding stakeholder interests, and I find the prevailing dynamics of the Board to be inconsistent with these principles.”
 
KRBL reported a 32% year-on-year (Y-o-Y) revenue rise of Rs 1,584 crore in the first quarter of FY26, from April to June. Export revenue increased by 98% due to increases in private label sales. Domestic revenue increased by 15%. Domestic revenue is being driven by a strong volume increase in the branded business. Despite the fact that rice prices have moderated, the company reported that realisation has remained consistent.

KRBL is a leading integrated rice company in India. The company’s product portfolio includes brown rice, white rice, steamed rice, parboiled rice, organic rice, chia seeds, bran oil, and so on.

At 1:46 pm, the shares of KRBL were trading 1.16% higher at Rs 347.70 on NSE.

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