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Awaiting price reaction for this filing.
Kaarya Facilities and Services Ltd has filed its Annual Report for FY 2024-2025 along with the notice for its 16th Annual General Meeting scheduled for September 30, 2025. The company proposes a preferential allotment of 45,60,000 equity shares at Rs. 13.09 per share (face value Rs. 10, premium Rs. 3.09) to 16 non-promoter investors, raising approximately Rs. 5.97 crore for working capital and general corporate purposes. Additionally, the company plans to issue 7,00,000 convertible warrants to promoters Vineet Pandey and Vishal Panchal (3,50,000 each) at Rs. 13.09 per warrant, convertible within 18 months. The notice also seeks approval to reappoint statutory auditors Piyush Kothari & Associates and appoint SARK & Associates LLP as secretarial auditors for five-year terms.
The preferential allotment and warrant issuance will dilute existing shareholders but bring in approximately Rs. 6.89 crore collectively, strengthening the company's capital base for business expansion and working capital needs. Shareholders should note the dilution impact and review the price (Rs. 13.09) relative to recent trading levels before the September 30, 2025 AGM.