Kamdhenu Limited has informed the Exchange about Forfeiture of warrants
KAMDHENU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kamdhenu Limited had allotted 27,50,000 warrants on a preferential basis on 22nd February 2024, giving holders 18 months to convert them into equity shares. The conversion deadline expired on 22nd August 2025, and out of the total, 14,97,200 warrants were not converted by the allottees. As a result, these warrants have lapsed with effect from 23rd August 2025. The company has forfeited the 25% upfront amount of Rs. 13.21 crore received at the time of allotment. The forfeiting allottees include Minerva Ventures Fund, NAV Capital Emerging Star Fund, Arrow Emerging Opportunities Fund, and Ariston Capital Limited.
This is mildly positive for existing shareholders as it prevents equity dilution of about 14.97 lakh shares. The company also retains the forfeited amount of Rs. 13.21 crore as additional income, though the original capital-raising plan has partially fallen through, signalling weaker-than-expected investor interest at the originally negotiated price.