S H Kelkar And Company Limited had announced that Keva Fragrances Private Limited (KFG) - wholly owned subsidiary of the Company has acquired 50% equity stake in Purandar Fine Chemicals Private Limited ("Purandar") pursuant to the execution of Share Purchase Agreement and Joint Venture Agreement in this regard which was executed.

Incorporated in the year 2010, Purandar is in the business of manufacturing and trading of aroma ingredients and has manufacturing facility at Jejuri, Maharashtra with an annual production capacity of 180 tons. The acquisition would allow seamless utilisation of Purandar facility together with Mahad and Vapi facilities of the group which would facilitate sharing of resources and deputation of trained personnel for quality enhancement.