Kerala Ayurveda revises preferential issue to 6.55 lakh shares

Kerala Ayurveda Ltd has issued a corrigendum to its 34th Annual General Meeting (AGM) notice, revising the terms of a preferential issue. The number of equity shares proposed to be issued to Katra Holding Private Limited, a promoter group member, has been reduced from 7,20,000 to 6,55,000. These shares, with a face value of ₹10 each, will be issued at a price of ₹190.37 per share, totaling ₹12,46,92,350. Following this allotment, Katra Holding Private Limited's shareholding will increase from 4.85% to 9.41% on an actual basis. The company ensures the allotment will not exceed 5% of the post-issue share capital, adhering to SEBI regulations. The corrigendum, incorporating these changes, will be circulated to shareholders and published.