Outcome of meeting of the Preferential Issue Committee of the Board of Directors of Kesar India Limited ("the Company") in accordance with the provisions of Regulation 30 of the Securities ....
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Kesar India Ltd has allotted 5,74,319 equity shares (face value ₹10 each) to 11 non-promoter allottees upon conversion of fully convertible warrants. These warrants were originally issued on September 18, 2025 at a price of ₹350 per share. The largest allottee is Gunjan Agarwal with 3,13,371 shares, while the remaining 10 allottees received between 3,809 and 28,571 shares each. Following this allotment, the company's paid-up equity share capital has increased to ₹28.57 crore, comprising 2,85,73,229 equity shares.
This is a routine warrant-to-equity conversion with no fresh capital inflow, as the exercise price was already paid at the time of warrant issuance. Minor dilution for existing shareholders but the impact is small given the size relative to total share count.