With reference to the captioned subject and in terms of the provisions of Regulation 30 read with other applicable regulations of the SEBI (LODR) Regulations, we wish to inform your good ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kesar India's Board, meeting on August 1, 2025, approved a total preferential issue of approximately ₹291.72 crore. This includes fully convertible warrants of ₹244.68 crore to be issued to 39 allottees (both promoter/promoter group and non-promoter categories), additional warrants of ₹43.99 crore to two promoter group members (where ₹10.99 crore will be adjusted against an existing loan and ₹32.99 crore paid in cash), and equity shares of ₹3.04 crore to four non-promoter allottees. Promoter and promoter group will collectively infuse up to ₹121 crore, while non-promoter allottees will contribute ₹170.72 crore. The warrants are convertible into equity shares of ₹10 face value within 18 months of allotment, with the issue price to be determined as per SEBI ICDR regulations. The matter now requires shareholder approval at a general meeting, the date of which will be announced later.
This large preferential issue will dilute existing shareholders' equity but significantly strengthens the company's capital base, with promoters also putting in fresh money signaling confidence. Pending shareholder approval is the next key trigger; non-promoter participation is broad with 39+ investors, which is generally a positive vote of confidence.