Kamdhenu Ventures Limited has informed the Exchange about approval of Board for Preferential issue of 2,96,45,000 warrants convertible into equity at price of Rs. 6.80 per warrant to promoter group entity.
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.0 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kamdhenu Ventures' board approved issuing up to 2,96,45,000 convertible warrants to Kamdhenu Limited, a promoter group entity, at Rs. 6.80 per warrant, potentially raising about Rs. 20.16 crore. Each warrant is convertible into one equity share of Re. 1 face value within 18 months from allotment. Post-issue, the promoter entity's stake will rise from nil to 8.62% of the company. The preferential issue is subject to shareholder approval at an EGM scheduled for 13th March 2026, and the company will also increase its authorised share capital by Rs. 5 crore. Separately, Q3 FY26 standalone revenue declined to Rs. 63.23 crore (from Rs. 74.05 crore YoY), with a standalone net loss of Rs. 19.31 lakhs, while consolidated 9M FY26 net profit fell to Rs. 2.88 crore from Rs. 4.78 crore a year earlier.
Promoter group capital infusion signals confidence and strengthens the balance sheet, but the eventual dilution of ~8.62% equity may weigh on the stock in the short term. Weak Q3 financials, with falling revenues and lower consolidated profits, remain a concern for shareholders.