Krishana Phoschem Limited has informed the Exchange regarding Outcome of Board Meeting held on August 06, 2025.
KRISHANA · price
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The board approved seeking shareholder permission at the upcoming AGM to raise up to Rs. 1,000 crore through various modes including private placement, preferential issue, public issue, rights issue, QIP, or a combination thereof, in one or more tranches. The board fixed September 2, 2025 as the AGM date and August 26, 2025 as the record date for the final dividend and e-voting eligibility. NSDL was appointed to facilitate e-voting, and a practicing company secretary was named as scrutinizer. The board also approved dismantling the H-acid plant at Meghnagar, Madhya Pradesh, as the company plans to focus on the fertilizer business where H-acid is no longer viable.
The Rs. 1,000 crore fundraising approval is a significant enabling step and could lead to equity dilution depending on the mode chosen, though no specific instrument or pricing has been decided yet. The exit from the H-acid business signals a strategic shift toward fertilizers, which may be positive for long-term focus but could involve one-time shutdown costs.