Announced Fri, 4 Sept · 12:36 IST
Preferential issue of 7.2 lakh shares to promoter group for debt conversion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹172.90
prior close
₹181.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+0.6+2.1+1.8+4.1+0.4+1.0————
Up moveDown movePending
AI summary
Kerala Ayurveda's board approved a preferential issue of up to 7,20,000 equity shares at Rs 190.37 each, totaling about Rs 13.7 crore, to Katra Holding Pvt Ltd, a promoter group entity. The shares will be allotted by adjusting part of an unsecured loan of Rs 26.4 crore owed to Katra Holding. Post-issue, Katra Holding's stake rises from 4.85 percent to 9.84 percent. The issue needs shareholder approval at the AGM on September 28, 2026.
Likely market impact
Debt-to-equity conversion with promoter group raises their stake but reduces company debt. No fresh cash inflow, so limited dilution impact.