K&R Rail Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2025 ,inter alia, to consider and approve 1. Conversion of Optionally ....
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K&R Rail Engineering Limited has informed BSE that its Board of Directors will meet on Thursday, 30 October 2025 at the registered office. The key item on the agenda is the conversion of Optionally Convertible Cumulative Preference Shares (OCCPS) into equity shares of the company. No financial numbers, conversion ratio, or timeline details were disclosed in this intimation. The meeting may also take up any other business with the Chair's permission. The filing was made under Regulation 29(1)(a) of SEBI LODR, 2015.
Conversion of preference shares into equity will increase the equity share capital and dilute existing shareholders' ownership. The actual impact on stock price will depend on the conversion price and ratio, which have not been disclosed yet.