We wish to inform that the Board of Directors of the Company met on Friday, 21st November 2025. The outcome of the meeting is as below : The proposal of allotment of 13,47,000 warrants ....
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KG Denim's Board of Directors met on 21st November 2025 and decided to defer the proposed allotment of 13,47,000 warrants convertible into equity shares. Separately, the Board was informed that the company will proceed with a preferential allotment of 6% Non-convertible Cumulative Redeemable Preference Shares worth Rs. 10 crore in due course. The meeting ran from 5:00 PM to 7:30 PM. No other major decisions were disclosed.
The deferment of the warrants allotment removes a potential dilution event in the near term, which existing shareholders may view neutrally to positively. The Rs. 10 crore preference share raise signals a small capital infusion, but at 6% coupon the impact on earnings is modest.