StockWatch
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Pharmaceuticals
Corporate Action22 Sept 2026, 06:51 pm

Kerala Ayurveda revises preferential allotment to 6.55 lakh shares

AI Summary

Kerala Ayurveda Ltd has issued a corrigendum to its 34th Annual General Meeting (AGM) notice, originally dated September 05, 2026. The revision, approved by the Board on September 22, 2026, concerns Item No. 4 of the AGM agenda. The number of equity shares proposed to be issued to Katra Holding Private Limited, a member of the Promoter Group, on a preferential basis has been revised downwards from 7,20,000 to 6,55,000 equity shares of Rs.10 each. Consequent to this allotment at Rs. 190.37 per share, Katra Holding Private Limited's post-issue shareholding will increase to 9.41% on an actual basis (from 4.85% currently) and 8.89% on a fully diluted basis. The intent is not to exceed 5% of the post-issue share capital in compliance with SEBI regulations.

Key Highlights

  • Preferential allotment revised from 7.2 lakh to 6.55 lakh shares.
  • Shares to be issued to promoter group member, Katra Holding.
  • Post-allotment, Katra Holding's stake rises to 9.41% (actual).
  • The issue price for the shares is set at ₹190.37 each.