Nature of Disclosure: Regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding outcomes of a Board of Directors meeting.

Key Decisions Approved:

The Board of Directors meeting was held on June 04, 2026, commencing at 4:00 PM and concluding at 5:00 PM. The following items were approved:

1. Fundraising via Qualified Institutional Placement (QIP): Approval for raising funds by issuing up to 42,50,000 (Forty-Two Lakh Fifty Thousand) equity shares. Each share has a face value of ₹10. The issuance may occur in one or more tranches. This is subject to receiving necessary approvals, including from the company's members via a Postal Ballot and remote e-voting, and other required regulatory/statutory approvals.

  • Disclosure Details (Annexure A):
  • Type of Security: Equity Shares
  • Type of Issuance: Qualified Institutional Placement (QIP)
  • Total Number of Securities: Up to 42,50,000 equity shares
  • Aggregate Amount: To be determined by the Board, inclusive of premium, at a price permissible under applicable laws.
  • The disclosure is made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

2. Postal Ballot Process: Approval to conduct a Postal Ballot to seek shareholder approval for the aforementioned QIP issuance and related ancillary actions. The Notice of Postal Ballot will be submitted to the exchange and the e-voting agency once it is dispatched to shareholders via email. The notice will also be hosted on the company's website at www.kanel.in.

3. Appointment of Scrutinizer: Approval for the appointment of M/s. Malay Desai & Associates, Practicing Company Secretary, as the Scrutinizer for the e-voting process concerning the Postal Ballot.

4. Other Business: The Board considered and approved other agenda items that were circulated.

Parties Involved:

  • Issuer: Kanel Industries Limited
  • Scrutinizer: M/s. Malay Desai & Associates

Regulatory References: Regulation 30 of SEBI (LODR) Regulations, 2015; SEBI (ICDR) Regulations, 2018 (Chapter VI); Companies Act, 2013 (Section 42); Companies (Prospectus and Allotment of Securities) Rules, 2014.

Financial Impact: The potential fund inflow is contingent on the successful completion of the QIP and is not quantified in this disclosure. The aggregate amount will be determined by the Board based on the issue price.

Capital Structure Impact: The issuance of up to 42.5 lakh new equity shares will lead to dilution of existing shareholding. The extent of dilution and the post-issue capital structure are not detailed in this disclosure.

Next Steps / Approvals Pending: The proposal is subject to approval from the company's shareholders via Postal Ballot and any other requisite regulatory or statutory approvals.