Board Meeting13 Nov 2026, 03:48 pm
KP Green Engineering Board Approves Preferential Issue of Warrants
AI Summary
KP Green Engineering Limited's Board of Directors met on November 13, 2026, approving the unaudited standalone and consolidated financial results for the half-year ended September 30, 2026. Additionally, the board approved a preferential issue of up to 34,24,657 equity warrants to Dr. Faruk G. Patel, a promoter, at an issue price of ₹292 per warrant. This issuance, subject to shareholder and regulatory approvals, aims to raise approximately ₹99.99 Crore. The company also fixed November 11, 2026, as the relevant date for determining the floor price and scheduled an Extra-Ordinary General Meeting for December 11, 2026, to seek shareholder consent for the preferential issue.
Key Highlights
- Board approved unaudited financial results for H1 FY27.
- Approved preferential issue of 34,24,657 warrants to a promoter.
- Issue price set at ₹292 per warrant, aiming to raise ~₹100 Crore.
- EGM scheduled for December 11, 2026, for shareholder approval.
- Dr. Faruk G. Patel's post-issue shareholding to increase to 60.57%.
Price Impact
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