Kamdhenu Limited has informed the Exchange about General Updates
KAMDHENU · price
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Kamdhenu Limited has informed exchanges that Maa Kudargarhi Steels Private Limited (MKSPL), its franchisee unit, has allotted 20,000 equity shares to the company on 24th March 2026. These shares were issued at a face value of Rs. 10 each with a premium of Rs. 4,990, resulting in an issue price of Rs. 5,000 per share. The total value of Rs. 10 crore matches the existing unsecured loan that Kamdhenu had previously extended to MKSPL, which has now been converted into equity on a private placement basis. The Loan & Investment Committee had approved this conversion on 23rd March 2026.
This is a loan-to-equity conversion in Kamdhenu's franchisee unit, effectively converting a Rs. 10 crore receivable into a strategic equity stake. While it does not bring in fresh cash, it strengthens Kamdhenu's long-term interest in MKSPL and shifts the asset from a debt exposure to an equity investment, with limited immediate impact on Kamdhenu's own share price.