KG Denim Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2025 ,inter alia, to consider and approve In furtherance to our earlier intimation ....
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The Board of Directors of KG Denim Ltd is scheduled to meet on November 14, 2025, to consider and approve the allotment of 13,47,000 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 over the face value. This preferential allotment was already approved by shareholders at the 33rd Annual General Meeting held on September 9, 2025. The allotment will be carried out under SEBI's ICDR Regulations and the relevant sections of the Companies Act, 2013.
This is a promoter-led preferential warrant issue, signaling confidence in the company. If the warrants are converted into equity shares, existing shareholders will face dilution of their stake. The warrants come with a 70% premium over face value, indicating the promoter is willing to invest at a price above par.