
Board Meeting27 Aug 2026, 03:52 pm
KBS India Ltd to raise up to ₹2.50 Crore for capital needs
AI Summary
KBS India Ltd announced that its Board of Directors has approved a plan to raise up to ₹2.50 Crore to meet long-term capital and working capital requirements. The funds will be raised through the preferential issue of 2,50,000 6% Non-Convertible Redeemable Preference Shares at ₹100 each to Mr. Tushar Shah, the Chairman & Managing Director and Promoter. This decision was made during a Board Meeting held on August 27, 2026. The company also scheduled its Annual General Meeting for September 18, 2026, and announced the closure of its Register of Members and Share Transfer Books from September 12 to September 18, 2026.
Key Highlights
- KBS India plans to raise ₹2.50 Crore via preferential issue.
- Funds are for long-term capital and working capital needs.
- 2,50,000 preference shares to be issued to the promoter.
- AGM scheduled for September 18, 2026.
- Register of Members closed Sep 12-18 for AGM.
Price Impact
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