Kavveri Defence & Wireless Technologies Limited has informed the Exchange about NSE's approval for listing and trading of 1,85,00,000 Equity Shares and 72,50,000 Equity Shares of face value Rs. 10/- each with effect from June 01, 2026, pursuant to conversion of warrants issued on preferential basis.
KAVDEFENCE · price
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Kavveri Defence & Wireless Technologies Limited has received NSE approval for listing 25,750,000 equity shares (18.5 million + 7.25 million) of Rs. 10 face value each. The shares were issued at Rs. 16 per share (including Rs. 6 premium) to both promoters and non-promoters through conversion of warrants issued on preferential basis. Trading commences from June 1, 2026. Lock-in periods apply: 16.27 million shares are locked until November 30, 2026, and 9.48 million shares until November 30, 2027.
The significant increase in share capital through warrant conversion will dilute existing shareholders' stakes. The lock-in periods on newly issued shares provide temporary stability but may create selling pressure after November 2026 and 2027.