Allotment of 31,98,473 Equity Shares pursuant to the conversion of 31,98,473 Fully Convertible Warrants issued on Preferential Basis to the persons/entities belonging to the "Promoter ....
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Kesar India Ltd has allotted 31,98,473 equity shares of face value ₹10 each at an issue price of ₹350 per share, following the conversion of an equal number of fully convertible warrants. These warrants were originally issued on a preferential basis on September 18, 2025. The shares have been allotted to a mix of 7 non-promoter allottees and 10 promoter group entities, with the largest allotments going to Sangeeta Gopalchand Gupta (6,85,714 shares), Yash Gopal Gupta (5,71,428 shares), and Shilpa R Kothari (5,71,428 shares). The total conversion is worth approximately ₹112 crore. Post-allotment, the company's paid-up equity share capital has increased to ₹27,99,81,290 divided into 2,79,98,129 equity shares of ₹10 each.
This is a pre-scheduled conversion of warrants already issued, so there is no new fundraising or surprise dilution. Existing shareholders may see marginal EPS dilution given the ~11% increase in share count, but promoter group participation signals continued confidence in the company.