Kesar India Limited disclosed the outcome of its Board of Directors meeting held on July 29, 2026, through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Preferential Issue Details
The Board approved a preferential issue of up to 17,31,752 equity shares of face value ₹10 each through a share swap arrangement (consideration other than cash). The issue price is set at ₹900 per equity share, determined in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018.
The shares will be allocated to the following promoter group members:
- Yash Gopal Gupta: 8,65,876 shares
- Sangeeta Gopalchand Gupta: 8,65,876 shares
Total issue value: Approximately ₹155.86 crore (17,31,752 shares × ₹900 per share)
Committee Authorization
The Preferential Issue Committee of the Board was authorized to take all necessary actions and finalize/approve all relevant documents in connection with this issue.
Shareholder Approval Process
The Board approved the draft notice for an Extraordinary General Meeting (EGM) scheduled to be held on Tuesday, August 25, 2026, to obtain shareholder approval for the proposed preferential issue.
Meeting Details
The Board meeting commenced at 7:00 PM IST and concluded at 7:12 PM IST on July 29, 2026.