Atul Auto Limited

I don’t think PPS were ever issued to promoters of Khusbu finance. Here is the exact excerpt from the annual report.

What this (probably) means is after Atul auto buys 70% remaining shares of KAFL, they might infuse further capital into KAFL. The requirement of this further capital is not at all clear to me, maybe they are facing issues on the asset side. Management hasn’t been conducting concalls, so we need to wait for their annual report.