Announced Fri, 26 Jun · 18:14 IST
Board approves 150 Cr preferential issue and warrant conversion allotment
Board & Shareholder Meetings View source PDF
KMEW · price
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Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹2249.90
prior close
₹2212.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.6+0.1+1.1+2.5-2.5+3.9-0.0+0.5-0.4+8.2———
Up moveDown movePending
AI summary
The board approved issuing up to 7,64,317 equity shares at ₹1,962.53 each to 4 non-promoter investors, raising about ₹150 crores. Allottees: 360 One Pipe Fund, FLC Investco LLC, and two Bank of India funds. EOGM set for July 19, 2026 for shareholder approval. Also, 1,55,892 shares allotted to promoter Sujay Kewalramani on warrant conversion (₹11.10 crores), taking paid-up shares from 2.44 cr to 2.46 cr. CARE Ratings named Monitoring Agency.
Likely market impact
About ₹150 Cr fund raise from 4 investors, diluting shareholders about 3%. Promoter warrant conversion adds 1.56 lakh shares. EOGM approval pending.