Kabra Extrusiontechnik Clarifies Preferential Issue Details

Kabra Extrusiontechnik Limited has issued a clarification regarding its proposed preferential issue of up to 37,60,000 equity shares at ₹375 per share, aggregating ₹141 Crores. The clarification addresses details provided in the EGM Notice and subsequent corrigendums, including the status of proposed allottees (promoter/non-promoter) and the reason for obtaining a valuation report. The company confirmed that the valuation report was obtained to comply with Companies Act requirements and as a measure of good corporate governance, even though not strictly required by SEBI ICDR Regulations for frequently traded shares.