Pursuant to the provision of Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 ("Takeover Regulation"), this is to inform you that, I, Yash Gopal ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kesar India Ltd informed the stock exchange about a preferential allotment made on September 18, 2025, to the Promoter and Promoter Group. The company allotted 64,76,559 fully convertible warrants (for cash), 12,57,142 fully convertible warrants (partly for cash and partly against loan conversion), and 86,856 equity shares of Rs. 10 each. The total shares/warrants acquired by the promoter group amount to 34,57,143 instruments, representing 10.63% of the diluted share capital. Post-allotment, the total promoter group holding rises to 2,19,90,343 shares, equal to 74.73% of the existing equity (67.59% on a diluted basis). The company's total equity capital expanded slightly from Rs. 24.71 crore to Rs. 24.80 crore, while the diluted capital expanded to Rs. 32.53 crore after accounting for the warrants.
This is a promoter-led preferential allotment that increases the promoter group's economic interest in the company, though dilution from warrants means their percentage holding on a diluted basis is lower. Existing non-promoter shareholders face potential dilution when the warrants are converted. The move signals promoter confidence but also expands the company's capital base.