Kuber Udyog Ltd to Raise Funds via Preferential Issue

Kuber Udyog Ltd announced a board meeting outcome approving a significant fundraise through a preferential issue of Equity Shares and Convertible Warrants. The company plans to increase its authorized share capital from ₹5 Crores to ₹125 Crores and raise the FPI/FII/NRI investment limit to 100%. The proposed issuance includes 7,62,85,000 Equity Shares and 12,00,000 Convertible Warrants to specific individuals and entities for cash and non-cash considerations, including the acquisition of Golden Ikon Fleet Management Private Limited. Additionally, 3,95,50,000 Equity Shares and 25,00,000 Convertible Warrants will be offered to the public. The company also intends to alter its Memorandum and Articles of Association to reflect these changes, including new objects related to fleet management and facility services, and potentially change its name. The board also approved the Board Report for FY26 and fixed the 44th AGM for September 5, 2026.