EGM to be held on 6th April 2026 at 03:00 p.m. through OAVM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kati Patang Lifestyle has called an Extraordinary General Meeting on April 6, 2026 at 3:00 p.m. via video conferencing, with e-voting open from April 3 to April 5, 2026. The EGM seeks shareholder approval for two preferential allotments of equity shares at Rs. 24 per share (face value Rs. 10, premium Rs. 14) as consideration for acquisitions. The first is 14,58,333 shares worth Rs. 3.50 crore to acquire 100% of Agnetta International Private Limited from four non-promoter allottees. The second is 3,87,280 shares worth Rs. 92.95 lakh to acquire the remaining 2% stake in Empyrean Spirits Private Limited (ESPL), making it a wholly owned subsidiary. In total, 18,45,613 new shares (about 4.27% of post-issue capital) will be issued to nine non-promoter allottees. Promoter holding will dilute from 40.02% to 38.31% post-issue, with no change in control or management.
Shareholders are being asked to approve share-swap based acquisitions that will expand the company's subsidiaries via non-cash, equity-based deals, leading to a modest promoter dilution of about 1.7%. Existing shareholders may see a slight reduction in promoter shareholding percentage but no change in management control.