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Residential- Commercial Projects
Corporate Action1 Sept 2026, 06:21 pm

Kesar India Allots 12.85 Lakh Shares on Warrant Conversion

AI Summary

Kesar India Limited's Preferential Issue Committee approved the allotment of 12,85,713 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 conversion results in an increase of the company's paid-up equity share capital to ₹32,53,42,180.00, comprising 3,25,34,218 equity shares of face value ₹10 each. The allottees, Vikas Kataria, Santosh Kataria, and Manjari Agarwal, are categorized as Non-Promoters.

Key Highlights

  • Approved allotment of 12,85,713 equity shares.
  • Conversion of fully convertible warrants at ₹350 each.
  • Paid-up equity share capital increased to ₹32.53 Cr.
  • Allotments made to Non-Promoter category individuals.