Kalyani Cast-Tech to issue 3.23 Lakh Warrants worth ₹18.8 Cr

Kalyani Cast-Tech Ltd announced a preferential issue of 3,23,123 convertible equity warrants, each convertible into one equity share of face value ₹10. The warrants will be issued at a price of ₹582 each, aggregating to ₹18,80,57,586. The issuance is in accordance with applicable laws and regulations, including Section 42 and 62(1)(c) of the Companies Act, 2013. The company will also hold an Extra-Ordinary General Meeting (EGM) on July 28, 2026, to approve the issuance and other related matters. A cut-off date of July 21, 2026, has been fixed for determining voting eligibility for the EGM. An amount equivalent to 25% of the total issue size will be collected upfront from the proposed allottees.