
Corporate Action27 Jul 2026, 04:11 pm
Kesar India Allots 10.77 Lakh Shares on Warrant Conversion
AI Summary
Kesar India Limited's Preferential Issue Committee approved the allotment of 10,77,105 equity shares following the conversion of fully convertible warrants. These warrants were initially allotted on September 18, 2025, at an issue price of ₹350 each. The allotment includes shares for both promoter (Gopal Gupta) and non-promoter (Gunjan Agarwal, Riddhi Abhinav Chedda) categories. This conversion increases the company's paid-up equity share capital to ₹31,24,85,050.00, comprising 3,12,48,505 equity shares of ₹10 face value each. The meeting took place on July 27, 2026.
Key Highlights
- Allotment of 10.77 lakh equity shares via preferential issue.
- Conversion of 10.77 lakh fully convertible warrants.
- Issue price for warrants was ₹350 per share.
- Paid-up capital increased to ₹31.25 crore.
- Allotment includes promoter and non-promoter categories.
Price Impact
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