Announced Thu, 26 Mar · 17:19 IST

Outcome of Board Meeting- Call Money on partly paid shares

Corporate Actions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-7.5%1-day move
₹22.70
prior close
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-7.5-12.4-10.1-6.8-6.0-10.2-7.5-11.0-26.1-31.3
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AI summary

The Board of Kati Patang Lifestyle Ltd approved the First and Final Call of ₹10 per partly paid share on 1,02,56,651 rights equity shares that were allotted on August 4, 2025. The call comprises ₹5 towards face value and ₹5 towards securities premium, completing the full subscription of the original ₹20 issue price (₹10 face + ₹10 premium). The Record Date has been fixed as Thursday, April 2, 2026, and the payment window will run from April 10, 2026 to April 24, 2026. Trading in the partly paid-up shares (ISIN: IN9237C01014) on BSE will be suspended prior to the Record Date in line with the Letter of Offer terms. Existing rights shareholders who do not pay the call money risk forfeiture of their shares.

Likely market impact

Shareholders holding the partly paid rights shares must pay the remaining ₹10 per share between April 10–24, 2026, or risk losing their shares. This is a routine completion of the rights issue process and is cash-neutral for the company, which had already planned for the call when allotting the shares.