To meet the long term capital requirement and working capital requirements, decided to raise funds upto Rs. 2.50crore.
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KBS India Ltd's board, at its meeting on 29th August 2025, approved raising funds up to Rs. 2.50 crore to meet long-term capital and working capital needs. The company will issue 2,50,000 6% Non-Convertible Redeemable Preference Shares (NCRPS) at Rs. 100 each on a preferential basis. All 2,50,000 shares will be allotted to Mr. Tushar Shah, the Chairman, Managing Director and Promoter of the company. The issue is subject to shareholder approval at the AGM scheduled for 20th September 2025. Separately, the board approved the Directors' Report, AGM notice, and appointed a scrutinizer for the e-voting process.
The promoter is personally infusing Rs. 2.50 crore, which signals confidence in the business. Since these are non-convertible redeemable preference shares (not equity), existing shareholders face no dilution, but the company takes on an obligation to pay 6% annual dividend and redeem the shares later.