Corporate Action2 May 2026, 06:41 pm
Kesar India Allots 14.55 Lakh Equity Shares on Warrant Conversion
AI Summary
Kesar India Ltd's Preferential Issue Committee approved the allotment of 14,55,235 equity shares of face value ₹10 each, pursuant to the conversion of an equivalent number of fully convertible warrants. These warrants, originally allotted on September 18, 2025, were converted at an issue price of ₹350 each to both Promoter & Promoter Group and Non-Promoter category allottees via preferential allotment on a private placement basis. Following this allotment, the company's paid-up equity share capital has increased to ₹30,02,84,640.00, divided into 3,00,28,464 equity shares of ₹10 each.
Key Highlights
- Kesar India allots 14,55,235 equity shares upon warrant conversion.
- Warrants converted at ₹350 each to promoters and non-promoters.
- Paid-up equity share capital increases to ₹30,02,84,640.00.
- Meeting commenced at 05:45 P.M. and concluded at 06:00 P.M.
- Allotment done via preferential allotment on private placement basis.
Price Impact
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