Kamdhenu Limited has informed regarding Disclosure of Payment made to Kamdhenu Ventures Limited for conversion of 1,46,45,000 warrants into Equity shares.
KAMDHENU · price
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Kamdhenu Limited has paid Rs. 7.47 crore (75% of the total cost) to convert 1,46,45,000 warrants into equity shares of its group company Kamdhenu Ventures Limited (KVL), a related party within the same promoter group. The total cost of the acquisition stands at Rs. 9.96 crore, with the issue price fixed at Rs. 6.80 per warrant. After conversion, Kamdhenu Limited will hold 4.45% of KVL's post-issue paid-up capital. KVL operates in the paints and coatings business through its wholly-owned subsidiary Kamdhenu Colour & Coatings Limited, with a consolidated turnover of Rs. 266 crore in FY25. The allotment of equity shares is expected within 15 days, and the transaction is being carried out on a preferential basis at arm's length under SEBI regulations. No shareholder approval was required as it does not qualify as a material related party transaction.
This is a strategic investment by Kamdhenu Limited into its group paints business, with funds expected to flow into KVL's subsidiary for business expansion and new product launches. For shareholders, this signals the company's commitment to growing within the paints segment and could provide long-term capital appreciation, though the 4.45% stake is relatively small in absolute terms.