Investment6 Mar 2026, 04:58 pm
Kavveri Defence Granted Exemption for Reg 170 of SEBI Regulations, Allots Equity Shares
AI Summary
Kavveri Defence & Wireless Technologies Ltd. has been granted exemption from Regulation 170 of SEBI (ICDR) Regulations, 2018 by SEBI. This exemption allows the company to allot convertible warrants of the company on a preferential basis to promoter/promoter group and non-promoters. The company has allotted 72,50,000 equity shares to promoters and non-promoters at an issue price of Rs. 16/- including a premium of Rs. 6/- each. The allottees include C Mokshith, Sapna Chiranjeev Pardasani, and Chiranjeev Pardasani. The allotment of these equity shares has increased the company's paid-up equity shares capital.
Key Highlights
- Kavveri Defence granted exemption from Regulation 170 of SEBI (ICDR) Regulations, 2018
- Allotment of convertible warrants to promoters and non-promoters on preferential basis
- Allotment of 72,50,000 equity shares at an issue price of Rs. 16/- including a premium of Rs. 6/- each
- Allottees include C Mokshith, Sapna Chiranjeev Pardasani, and Chiranjeev Pardasani
- Increase in the company's paid-up equity shares capital