Corporate Action25 Sept 2026, 09:10 pm
Khadim India Allots 10.22 Lakh Warrants at ₹110 Each
AI Summary
Khadim India Ltd has approved the allotment of 10,22,727 Fully Convertible Equity Share Warrants on a preferential basis at an offer price of ₹110 per warrant. The total issue size aggregates to ₹11,24,99,970. Shareholders approved the issuance in an Extra-ordinary General Meeting on August 1, 2026. The company has received 25% of the total consideration, with the balance payable upon conversion. The allotment includes warrants to promoter Mr. Siddhartha Roy Burman and several non-promoter investors.
Key Highlights
- Allotment of 10,22,727 warrants at ₹110 each.
- Total issue size amounts to ₹11.25 crore.
- 25% of consideration received, balance due on conversion.
- Shareholder approval obtained via EGM on August 1, 2026.
- Warrants convertible into equity shares of face value ₹10.
Price Impact
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