Outcome of board meeting under regulation 30 of SEBI (Listing Obligations and Disclosure requirements) regulations, 2015
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K&R Rail Engineering Limited's board, at a meeting held on October 30, 2025, approved the allotment of 36,98,168 equity shares of Rs. 10 face value each to the Promoter and Promoter Group. These shares were issued upon conversion of an equivalent number of 7% Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs. 10 each. The total value of the conversion is approximately Rs. 3.70 crore. The board meeting commenced at 3:30 p.m. and concluded at 4:20 p.m. No new capital is being raised — this is a conversion of existing instruments already held by promoters.
Promoter and promoter group shareholding will increase as their preference shares convert into equity, slightly increasing the total equity base (minor dilution for non-promoter shareholders). This is a pre-decided conversion, so it should not negatively surprise the market.