To discuss and approve the proposal for offer, Issue and Allot equity shares of the Company on preferential basis to the Shareholders of M/s Rajhans Procon Private Limited for consideration ....
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Kachchh Minerals has informed BSE about a board meeting scheduled on April 24, 2025, to consider issuing equity shares on a preferential basis to the shareholders of Rajhans Procon Private Limited (RPPL). The consideration will be discharged other than through cash — essentially a share swap — meaning Kachchh Minerals will issue its own shares to RPPL's shareholders in exchange for acquiring RPPL. The issue will follow Chapter V of the SEBI ICDR Regulations and is subject to shareholder approval in an upcoming extraordinary general meeting. A trading window closure has been announced for insiders until the results are declared.
This is effectively an acquisition announcement — the company is set to absorb RPPL by issuing fresh equity, which will dilute existing shareholders. The market typically reacts cautiously to allottees-heavy preferential issues, though share swaps avoid cash outflow. Shareholders should watch the swap ratio and any post-issue shareholding disclosures once the board approves terms on April 24.