Kesar India completes preferential allotment of warrants and equity

Kesar India Limited's preferential issue committee approved the allotment of 6,476,559 fully convertible warrants at an issue price of INR 350 per warrant, totaling INR 2,26,67,95,650. This preferential allotment was made to promoter, promoter group, and non-promoter categories.

Additionally, 1,257,142 fully convertible warrants were allotted towards the conversion of outstanding unsecured loans and for cash, at an issue price of INR 350 per warrant, amounting to INR 43,99,99,700. This second allotment was exclusively for the promoter group.

The company also approved the allotment of 86,856 equity shares of face value INR 10 each, at an issue price of INR 350 per share for cash, aggregating INR 3,03,99,600, to non-promoter entities. Following these allotments, the undiluted paid-up equity share capital of Kesar India Limited has increased to INR 24,79,96,560, comprising 24,799,656 equity shares.