Postal Ballot Notice-KAMA Holdings Limited
KAMAHOLD · price
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Kama Holdings is seeking shareholder approval via postal ballot to reduce its shareholding in SRF Limited, a listed material subsidiary, from the current 50.21% to 50% or below by selling up to 3% of SRF's paid-up share capital. The sale would happen in one or more tranches through the open market or other stock exchange mechanisms, anytime between shareholder approval and the end of FY 2026-27. Proceeds will form part of company profits and may be used for capital allocation, general corporate purposes, or dividend payments. Promoters of both companies (Arun Bharat Ram, Ashish Bharat Ram, and Kartik Bharat Ram) will continue to control both entities, and none of the promoters will acquire any of the shares being sold. E-voting runs from March 8, 2026 to April 6, 2026, with results expected within 48 hours of conclusion.
If approved, Kama Holdings will lose majority control of SRF Limited (it will cease to be a subsidiary), which could change the consolidation status and group structure for accounting purposes. The move signals the holding company unlocking value from its key listed investment, which could be positive for Kama Holdings shareholders if proceeds are used for dividends or returns. However, it also means reduced future dividend inflows from SRF going forward.