NSEPress Release12 Aug 2026 · 12 Aug 2026, 09:45 am

Press Release

Krystal Integrated Services Limited · KRYSTAL

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Krystal Integrated Services Limited has acquired 100% stake in Citelum India from France Government Owned EDF Group, marking its entry into city lighting and urban infrastructure services. The acquisition is expected to contribute ₹300–350 crore to the company's annual revenue over the next 3–4 years.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10

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Krystal Integrated Services Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Acquires 100% Stake in Citelum India from France Government Owned EDF Group".

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K I S L RYSTAL NTEGRATED ERVICES IMITED (FORMERLY KNOWN AS KRYSTAL INTEGRATED SERVICES PRIVATE LIMITED) August 12, 2026 KISL/CS/SE/44/2026-27 The Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, General Manager Bandra-Kurla Complex, Floor 25, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, Mumbai 400 001 Mumbai - 400 051 Scrip Code: 544149 Scrip Symbol: KRYSTAL Dear Sir/Madam, Subject - Press Release Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a Media Release dated August 12, 2026 titled “Acquires 100% Stake in Citelum India from France Government Owned EDF Group.” The above Press Release is also being made available on the website of the Company at https://krystal-group.com/press-releases. This is for your information and records. Thanking You, For Krystal Integrated Services Limited (Previously known as Krystal Integrated Services Private Limited) Manishkumar Sangani Company Secretary & Compliance Officer Membership Number: A24871 Encl.: as above Registered Office: Krystal House, 15A/17, Shivaji Fort CHS, Duncans Causeway Road Mumbai -400 022, Maharashtra (India) Tel: +9122 4353 1234, +9122 47471234. Web: www.krystal-group.com CIN - L74920MH2000PLC129827. Media Release Krystal Targets ₹300–350 Crore Annual Revenue from City Lighting & Urban Infrastructure Business Acquires 100% Stake in Citelum India from France Government Owned EDF Group Mumbai, 12th August,2026: Krystal Integrated Services Limited (KISL), a well-diversified provider of integrated facility management, staffing solutions, security services, catering and waste management services across India announced that the Company has acquired 100% equity stake in Citelum India Private Limited (“Citelum India”) from its current shareholders including Citelum S.A.S., France. Citelum India will become a wholly owned subsidiary of Krystal Integrated Services Limited. The acquisition marks Krystal’s entry into the City Lighting & Urban Infrastructure segment and forms part of its strategy to build an engineering-led infrastructure services business. Krystal is targeting annual revenue of ₹300– 350 crore from the new vertical over the next 3–4 years and plans to invest approximately ₹100 crores in engineering capabilities, technology platforms and business expansion. The Company plans to scale its operations across 30–40 cities in 12–15 states, with infrastructure services expected to contribute 12–15% of consolidated revenues. Strategic Rationale  This acquisition marks Krystal's entry into city lighting and urban infrastructure services supported by increasing investments in energy-efficient public infrastructure and city development initiatives.  Integrates Citelum India's expertise in city lighting and urban infrastructure services with Krystal's facility management and technical operations platform.  Strengthens the Company’s ability to deliver end-to-end infrastructure services particularly for long-term operations and maintenance projects.  Krystal intends to build on Citelum India's domain expertise and expand the Company's operations across a wider spectrum of electrical infrastructure services including connected lighting, smart metering, EV charging infrastructure and other city-focused electrical solutions. Management Commentary Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said, Krystal Integrated Services Limited took a strategic step toward strengthening its presence in infrastructure-linked services through the acquisition of Citelum India Private Limited, a company operating in the city lighting and urban infrastructure services segment. Urban infrastructure in India is witnessing growing investment driven by urbanization, increasing focus on energy efficiency and public infrastructure development. As cities increasingly adopt technology-enabled street lighting systems that improve energy efficiency, monitoring and asset management, demand is rising for service providers capable of delivering both installation expertise and long-term operations and maintenance of lighting infrastructure. Citelum India operates in this segment offering services across the design, engineering, installation and maintenance of street lighting and city lighting infrastructure with extensive experience in delivering connected lighting solutions and managing lighting assets. The proposed acquisition will enable Krystal to integrate Citelum India’s technical capabilities with its existing operational strengths in integrated services and technical maintenance enhancing its ability to participate in infrastructure-linked opportunities requiring specialized engineering expertise and long-term service delivery. Citelum India will operate as a wholly owned subsidiary of Krystal Integrated Services Limited, supporting the Company’s strategy of expanding into adjacent infrastructure service verticals and strengthening its positioning in city lighting and urban infrastructure services. Commenting on the performance, Mr. B Sivakumar, CEO & Director, Citelum India Private Limited, said, “The acquisition by Krystal Integrated Services Limited marks an important milestone in Citelum India's growth journey. Over the years, we have built strong capabilities in delivering city lighting and urban infrastructure solutions across India and becoming a part of the Krystal Group provides us with an opportunity to further strengthen and scale these capabilities. Krystal's strong operational platform, extensive customer relationships and expertise in infrastructure- linked services complement our technical capabilities, creating a strong foundation for future growth. We believe this partnership will enable us to pursue larger and more complex opportunities, enhance service delivery and accelerate innovation in sustainable city lighting and urban infrastructure services. Together, we are well positioned to support the growing demand for energy-efficient and technology-enabled infrastructure solutions while creating long-term value for our customers, employees and all stakeholders. We look forward to working closely with the Krystal team and contributing to the Company's long-term growth strategy. The acquisition also presents an opportunity to create meaningful employment in an era of rapid technological and AI- led transformation. As we scale our operations, we see the potential to create over 5,000 skilled and semi-skilled employment opportunities, enabling more people to participate in and benefit from the growth of India’s urban infrastructure ecosystem.’’ About Citelum India Private Limited Citelum India is a specialized service provider in city lighting and urban infrastructure services across India. The Company specializes in sectors such as municipal infrastructure, smart cities and industrial segments—including municipal bodies, state government entities and corporate clients. The Company offers a comprehensive range of services including energy-efficient street lighting, artistic illumination and the operation and maintenance of urban networks. Additionally, Citelum India has the expertise to integrate services such as video surveillance, traffic management and EV charging infrastructure. Since its inception in 2011, the Company has successfully managed over 3,00,000 lighting points across major projects in states like Gujarat, Uttar Pradesh, MP (Indore) and Chennai. The Company is also providing services in energy management and advanced mobility infrastructure. The team’s expertise covers Internet of Things (IoT) integration, remote network monitoring, and the implementation of EV charging infrastructure and environmental sensor technologies. About Krystal Integrated Services Limited: KISL is a well-diversified service provide [Showing first 8,000 characters — download PDF for full document]