Corporate Action7 Aug 2026, 04:25 pm
Kanoria Energy Approves ₹2.5 Cr Preference Share Redemption
AI Summary
Kanoria Energy & Infrastructure Ltd announced the approval of early redemption for 2,50,000 5% redeemable preference shares, totaling ₹2,50,00,000. The decision was made by the Preference Share Redemption Committee on August 7th, 2026, utilizing company profits. This action was taken at the request of the respective preference shareholders, prior to the original due date of redemption. The meeting commenced at 3:00 PM and concluded at 3:50 PM.
Key Highlights
- Company approved early redemption of preference shares.
- Redemption amount totals ₹2.50 crore.
- Funds utilized are from company profits.
- Action taken before original due date.
Price Impact
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