Key Quantitative Figures
The company proposes to raise ₹141,00,00,000 (Rupees One Hundred Forty-One Crore Only) through preferential issue with detailed utilization breakdown:
- ₹71.00 crores for setting up new manufacturing lines, expanding capacities, and modernizing infrastructure through strategic investments, acquisitions, joint ventures, and subsidiary investments (Due by June 30, 2027)
- ₹4.75 crores for research and development activities, technology, and infrastructure for new products (Due by June 30, 2027)
- ₹10.00 crores for augmentation of long-term working capital and incremental working capital requirements (Due by June 30, 2027)
- ₹20.00 crores for repayment/prepayment of existing secured/unsecured loans, term loans, and working capital facilities (Due by June 30, 2027)
- ₹35.25 crores for general corporate purposes (Due by June 30, 2027)
Parties Involved
- Monitoring Agency: M/s. CARE Ratings Limited appointed to monitor 100% utilization of proceeds
- Proposed Allottees: Singularity Large Value Fund III and Chanakya Wealth Creation Fund
Ultimate Beneficial Owner Updates
- Singularity Large Value Fund III: Mr. Yash Kela identified as Senior Managing Official/Designated Partner (Category III AIF)
- Chanakya Wealth Creation Fund: Mr. Keith Walter identified as Chief Investment Officer (FPI – Category I)
Document Availability
Available on company website (www.kolsite.com), BSE (www.bseindia.com), and NSE (www.nseindia.com)