Outcome of meeting of Preferential Issue Committee of the Board of Directors of Kesar India Limited ("the Company") in accordance with the provisions of Regulation 30 of Securities and ....
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Kesar India Limited's Preferential Issue Committee, at its meeting on June 4, 2026, approved the allotment of 71,428 equity shares of face value ₹10 each to a non-promoter allottee, Kanhaiya Lal Gupta. These shares were issued upon conversion of 71,428 Fully Convertible Warrants originally allotted on September 18, 2025, at a conversion price of ₹350 per share, aggregating to roughly ₹2.5 crore. Following this allotment, the company's paid-up equity share capital has risen to ₹30,17,13,200, comprising 3,01,71,320 equity shares of ₹10 each.
This is a routine warrants conversion that marginally increases the equity base and brings in additional capital from a non-promoter allottee. Shareholders may see minor dilution, but since the shares were already tied to warrants issued earlier, the market impact is expected to be limited.