Corporate Action23 Sept 2026, 11:19 am
Kalyani Cast-Tech Approves Allotment of Warrants Worth ₹18.8 Cr
AI Summary
Kalyani Cast-Tech Limited's Board of Directors approved the allotment of 323,123 Convertible Equity Warrants on a preferential basis. The total issue price amounts to ₹18.80 crore, with 25% (₹4.70 crore) received as upfront subscription. Each warrant is convertible into one equity share at an issue price of ₹582 per warrant. This allotment follows prior approval from shareholders and in-principle approval from BSE.
Key Highlights
- Board approved allotment of 323,123 convertible warrants.
- Total issue size is ₹18.80 crore at ₹582 per warrant.
- Received 25% upfront subscription of ₹4.70 crore.
- Warrants are convertible into equity shares.
- Allotment is on a preferential basis to seven investors.
Price Impact
More from KALYANI