Kamdhenu Ventures Limited has informed the Exchange about intimation of approval of issue of shares on right issue basis by Kamdhenu Colour and Coatings Limited, a Wholly Owned and Material Subsidiary of the Company.
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Kamdhenu Ventures' wholly owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL), has approved a rights issue of 3,800 equity shares at an issue price of Rs. 36,000 per share (face value Rs. 10), aggregating to Rs. 13.68 crore. The rights issue offer is open from April 4 to April 10, 2026, for existing shareholders of KCCL. Kamdhenu Ventures' Investment Committee will separately decide how many shares to subscribe and the amount to invest in this rights issue. The rights issue price reflects a significant premium over the face value, typical for an unlisted closely-held subsidiary.
The capital infusion is at the subsidiary level and is modest in size (Rs. 13.68 crore). Kamdhenu Ventures, as the parent, may need to subscribe a portion of this rights issue, which could involve a small cash outflow. Overall impact on Kamdhenu Ventures' listed shareholders is expected to be limited.