Board Meeting4 Sept 2026, 12:37 pm
Kerala Ayurveda Board Approves Preferential Issue of Equity Shares
AI Summary
The Board of Directors of Kerala Ayurveda Limited has approved a preferential issue of up to 7,20,000 equity shares, each with a face value of Rs. 10, at a price of Rs. 190.37 per share. This issuance, aggregating to Rs. 13,70,66,400, is for the conversion of an outstanding unsecured loan from Katra Holding Private Limited, a promoter group entity. The move is subject to shareholder approval and other regulatory requirements. The company also announced the convening of its 34th Annual General Meeting on September 28, 2026, to seek shareholder consent for this preferential issue.
Key Highlights
- Board approved preferential issue of 7,20,000 equity shares.
- Issue price set at Rs. 190.37 per share, totaling Rs. 13.71 Cr.
- Shares issued for conversion of unsecured loan from promoter group.
- Shareholder approval required for the preferential allotment.
- 34th AGM scheduled for September 28, 2026, to approve the issue.
Price Impact
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