AGM to be held on 30th September 2025
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Awaiting price reaction for this filing.
Kaarya Facilities and Services Ltd has called its 16th Annual General Meeting on 30th September 2025 at 11:00 AM. Ordinary business includes adoption of audited financial statements for FY ended 31st March 2025, appointment of M/s. Piyush Kothari & Associates as Statutory Auditors for 5 years (FY26–FY30), and appointment of SARK & Associates LLP as Secretarial Auditors for 5 years (FY26–FY30). As special business, the company seeks shareholder approval to issue 45,60,000 equity shares of Rs. 10 face value at Rs. 13.09 per share (including Rs. 3.09 premium) to 16 non-promoter allottees, aggregating to about Rs. 5.97 crore, on a preferential allotment basis. Additionally, it proposes issuing 7,00,000 convertible warrants to two promoters – Vineet Pandey (3.5 lakh) and Vishal Panchal (3.5 lakh) – at Rs. 13.09 per warrant, aggregating to about Rs. 91.63 lakh, convertible within 18 months. Proceeds are intended for working capital and general corporate purposes. The shares are listed on the BSE SME platform.
If approved, the combined preferential allotment plus warrants could result in significant equity dilution for existing shareholders. However, the fund raise of roughly Rs. 5.97 crore (plus potential Rs. 91.63 lakh from warrant conversion) provides additional capital for business growth and working capital. The issue price of Rs. 13.09 represents about a 7.7% premium to the 90-day VWAP, which is mildly positive for existing shareholders.