Taaza International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/03/2026 ,inter alia, to consider and approve Allotment of equity shares ....
Awaiting price reaction for this filing.
Keto Motors Limited (formerly Taaza International Limited) has informed BSE that its Board of Directors will meet on March 13, 2026, to consider allotment of equity shares to shareholders of Keto Motors Private Limited. The allotment is part of a Scheme of Arrangement between Keto Motors Private Limited (Transferor Company) and Keto Motors Limited (Transferee Company), approved by the NCLT Hyderabad Bench on June 12, 2025. Under the scheme, shares will be allotted in a 3:2 ratio — 3 equity shares of face value Rs. 10 each of Keto Motors Limited for every 2 shares held in Keto Motors Private Limited. March 13, 2026, has been fixed as the Record Date for determining eligible shareholders.
Shareholders of Keto Motors Private Limited stand to receive new shares in Keto Motors Limited, which will result in equity dilution for existing shareholders of the listed entity. The corporate action is outcome of a court-approved restructuring rather than fresh capital raising, so no new cash inflow is expected from this allotment.