Management Change30 Oct 2026, 05:43 pm
Kamdhenu Ventures Subsidiary Appoints Independent Director, Approves Rights Issue
AI Summary
Kamdhenu Ventures Ltd's wholly owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL), has appointed Smt. Saroj Punhani as an Additional Director in the category of Non-Executive Independent Director. This appointment is for an initial term of 5 years, subject to member approval. Additionally, KCCL has approved a rights issue of 2,125 equity shares at ₹36,000 per share, aggregating to ₹7,65,00,000 (₹76.50 Crore). The rights issue offer letter is dated October 30, 2026, and the subscription period will be from November 3 to November 9, 2026. Kamdhenu Ventures Limited's Investment Committee will decide on the company's subscription to this rights issue.
Key Highlights
- KCCL appoints Smt. Saroj Punhani as Non-Executive Independent Director.
- Appointment is for a 5-year term, subject to shareholder approval.
- KCCL approves rights issue of ₹7,65,00,000 (₹76.50 Crore).
- Rights issue subscription period: November 3-9, 2026.
- Kamdhenu Ventures to decide on its rights issue subscription.
Price Impact
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