Date: October 16, 2026
Board Meeting Outcomes
The board of directors approved the preferential issue of up to 2,64,93,882 (Two Crores Sixty-Four Lakhs Ninety-Three Thousand Eight Hundred and Eighty-Two) fully paid-up equity shares on September 17, 2026.
Shareholders approved the preferential issue at the First Extra-Ordinary General Meeting of financial year 2026-27 held on October 14, 2026 by requisite majority.
Fundraising / Financing
Preferential Issue Details:
- Type: Preferential issue on private placement basis
- Number of shares: 2,64,93,882 equity shares
- Issue price: ₹314.11 per equity share
- Pricing methodology: Determined in accordance with Regulation 164(2) of SEBI ICDR Regulations
Valuation Report:
- Obtained from CA Kavita Joshi, Registered Valuer – SFA
- Valuation report date: September 16, 2026
- Addendum date: October 01, 2026
- The valuation report was prepared in accordance with the Company's Articles of Association
- The price per share under the Valuation Report resulted in a floor price lower than the floor price determined under Regulation 164(2) of SEBI ICDR
Additional Information
The Valuation Report has been made available on the Company's website at www.kissht.com (investor-relations/shareholders-information section).