KG Denim Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/11/2025 ,inter alia, to consider and approve the allotment of 13,47,000 Warrants, ....
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KG Denim Ltd has informed BSE that its Board of Directors will meet on November 21, 2025 to consider and approve the allotment of 13,47,000 convertible warrants to Mr. B. Sriramulu on a preferential basis. Each warrant is convertible into one equity share of face value ₹10 at an issue price of ₹17 per warrant, implying a premium of ₹7 per warrant and a total issue size of approximately ₹2.29 crore. The preferential allotment was already approved by shareholders at the 33rd Annual General Meeting held on September 9, 2025, and is being done under SEBI ICDR Regulations and Sections 23(1)(b), 42 and 62(1)(c) of the Companies Act, 2013.
This preferential allotment to a single individual (likely a promoter or related party) will lead to equity dilution when the warrants are exercised. The ₹7 premium over face value suggests modest confidence in valuation, though the small size of the issue limits broader market impact.