Allotment of 10.77 lakh shares on conversion of warrants
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Kesar India allotted 10,77,105 equity shares at Rs.350 each upon conversion of fully convertible warrants originally allotted on September 18, 2025. Allottees include promoter Gopal Gupta (8,00,000 shares), non-promoters Gunjan Agarwal (2,58,057 shares) and Riddhi Abhinav Chedda (19,048 shares). Paid-up equity capital rose to about Rs.31.25 crore, divided into 3.12 crore shares of Rs.10 face value.
Equity dilution from warrant conversion; about Rs.37.7 crore capital already received at Rs.350/share is now reflected in expanded share base.