Kingfa India approves preferential equity share allotment

Kingfa Science & Technology (India) Limited announced the successful approval of a special resolution for the preferential issue and allotment of 1,440,920 equity shares. Each share, with a face value of INR 10, will be issued at INR 3,470, comprising INR 10 towards face value and INR 3,460 towards premium. The extraordinary general meeting was held on Wednesday, September 17, 2025, via video conferencing, and concluded at 11:52 A.M. (IST).

The voting results showed strong support for the resolution, with 99.9992% of votes cast in favor and only 0.0008% against. A total of 10,293,147 valid votes were polled from 12,110,461 shares held by members. The EGM saw 52 members in attendance, including one from the promoter group and 51 from the public, participating through video conferencing.

The proceeds from this preferential issue are earmarked for phase II factory building and R&D at Chakan (Pune), plant and machinery at Bhiwadi (Rajasthan), land acquisition in South India, and general corporate purposes. This strategic move aims to bolster the company’s expansion and operational capabilities.