Kamdhenu Ventures Limited has informed the Exchange regarding allotment of 2,96,45,000 warrants convertible into Equity shares.
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Kamdhenu Ventures has allotted 2,96,45,000 convertible warrants to its promoter group company Kamdhenu Limited at Rs. 6.80 per warrant (face value Re. 1, premium Rs. 5.80). The allottee has already paid 25% of the total consideration, amounting to Rs. 5.04 crore, with the remaining 75% to be paid at the time of conversion. Each warrant is convertible into one equity share and can be exercised in one or more tranches over the next 18 months, ending 20th September 2027. On full conversion, Kamdhenu Limited's stake in the company will rise from nil to 8.62% on a fully diluted basis. The allotment was approved by shareholders at an EGM on 13th March 2026 and received in-principle approval from NSE and BSE on 16th March 2026. Since warrants are yet to be converted, there is no immediate change in the company's paid-up equity share capital.
This is a promoter group capital infusion signaling insider confidence in the company, with no immediate dilution since warrants are not yet converted. Existing shareholders should expect up to 8.62% potential dilution on a fully diluted basis if and when Kamdhenu Limited exercises the warrants over the next 18 months.