
Corporate Action7 Aug 2026, 04:14 pm
Kanoria Energy Approves Early Redemption of ₹2.5 Cr Preference Shares
AI Summary
Kanoria Energy & Infrastructure Ltd announced that its Preference Share Redemption Committee has approved the early redemption of 2,50,000 5% redeemable preference shares, amounting to ₹2,50,00,000. This redemption is being processed before the original due date at the request of the preference shareholders and will be funded from the company's profits. The decision was made during a committee meeting held on August 7th, 2026.
Key Highlights
- Company approved early redemption of 2,50,000 preference shares.
- Total redemption value amounts to ₹2.50 crore.
- Redemption is on request of shareholders before due date.
- Funds for redemption will come from company profits.
Price Impact
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