Preferential Issue for acquisition
Price
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The board of Kati Patang Lifestyle Ltd approved a preferential issue of up to 18,45,613 equity shares at Rs. 24 each (face value Rs. 10), to be issued on a share-swap basis — meaning no cash outflow. Of these, 14,58,333 shares (worth about Rs. 3.5 crore) will go to shareholders of Agnetta International Private Limited in exchange for a 100% stake in that company, and 3,87,280 shares (worth about Rs. 92.95 lakh) will go to shareholders of Empyrean Spirits Private Limited for the remaining 2% stake. Allottees include 9 individuals and entities such as Komal Goyal, Puneet Ralhan, Plumeria Hospital Pvt Ltd, and Purslane Ventures AB. Post-issue, the allottees together will hold about 4.47% on a fully paid-up basis (3.45% on a fully diluted basis). An EGM has been scheduled for April 6, 2026 to seek shareholder approval.
This is a non-cash acquisition — the company is buying stakes in Agnetta International and Empyrean Spirits by issuing new shares rather than paying cash, which keeps the balance sheet intact. Existing shareholders will see a modest dilution of about 4.5% and the company's footprint expands into the international lifestyle and spirits businesses, which could be positive if the acquired companies perform well.