Kanoria Chemicals board approved preferential allotment of 4.95 lakh 7% NCRPS to promoter group entity R.V. Investment.
The allotment raises ₹495 crore in aggregate consideration through a private placement at ₹1,000 per share.
The securities are non-convertible, non-cumulative, non-participating, and redeemable preference shares.
Board meeting was held on 18th April 2026 and concluded the same day.