Board approves capital raise up to USD 50M via FCCB, ECB, and other instruments
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KS Smart Technologies board approved raising authorised share capital from INR 165 crore to INR 175 crore (adding 1 crore equity shares of INR 10 each), subject to shareholder approval. Board also approved raising up to USD 50 million (or equivalent) through permitted instruments like FCCB, ECB, convertible bonds, debentures, warrants, or preferential issue, in one or more tranches. Terms including interest, discount, and pricing are at the boards discretion. A postal ballot will be sent to shareholders for approval.
Potentially dilutive equity-linked fundraising up to USD 50M, but no securities issued yet. Terms and dilution depend on final structure chosen.