StockWatch
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Iron & Steel Products
Corporate Action31 Oct 2026, 10:20 pm

Kamdhenu Ventures Allots 1.5 Cr Equity Shares Post Warrant Conversion

AI Summary

Kamdhenu Ltd announced the allotment of 1,50,00,000 equity shares of face value Re. 1 each by its subsidiary, Kamdhenu Ventures Limited (KVL). This allotment is a result of the conversion of 1,50,00,000 warrants into equity shares, following the payment of Rs. 7,65,00,000 (Rupees Seven Crore Sixty Five Lakhs only), representing 75% of the conversion amount. The Preferential Issue Committee of KVL's Board of Directors approved this allotment on October 31, 2026. This action is in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Highlights

  • Kamdhenu Ventures Limited allotted 1.5 crore equity shares.
  • Allotment follows conversion of 1.5 crore warrants into equity.
  • Rs. 7.65 Crore paid towards warrant conversion.
  • Allotment completed on October 31, 2026.
  • Action complies with SEBI regulations.