Announced Sat, 11 Jul · 18:32 IST
EGM approves 77L warrants to promoters, Adwik Bollineni becomes Executive Director
Board & Shareholder Meetings View source PDF
KIMS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹814.00
prior close
₹813.05
base price
After-mkt
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AI summary
KIMS EGM on 9 July 2026 cleared two items. Special resolution: Issue 77,02,182 convertible warrants (each into 1 equity share of Rs 2) to promoters Dr. Abhinay Bollineni, Adwik Bollineni, and Bharas Ventures LLP on preferential basis. Passed with 94.32% votes in favor. Ordinary resolution: Make Adwik Bollineni Executive Director for 5 years from 15 May 2026. Passed with 82.32% in favor; promoters abstained as interested party.
Likely market impact
Promoters receive 77L warrants with future dilution risk. Adwik Bollineni now Executive Director. Both resolutions passed with required majority.