Kaya Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025 for the allotment of shares to Axana Estates LLP
KAYA · price
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Kaya Limited's Board of Directors, at its meeting held on August 12, 2025, allotted 20,90,068 equity shares of face value Rs. 10 each to Axana Estates LLP on a preferential basis. The shares were issued at Rs. 358.84 per share (including a premium of Rs. 348.84), aggregating to approximately Rs. 75 crore. This allotment was made pursuant to shareholder approval obtained on July 22, 2025 and in-principle approvals from BSE and NSE received on July 31, 2025. As a result, the company's paid-up equity share capital has increased to Rs. 15.19 crore, comprising 1,51,87,609 equity shares.
The preferential allotment brings in approximately Rs. 75 crore from a single investor (Axana Estates LLP), which will result in equity dilution of about 16% for existing shareholders. Existing investors should note that Axana Estates LLP is now a significant shareholder in the company.