Kingfa Science & Technology (India) receives approval for preferential share issue

Kingfa Science & Technology (India) Limited announced on September 18, 2025, that it has received in-principle approvals from the National Stock Exchange of India Limited and BSE Limited for the issuance and allotment of up to 1,440,920 equity shares. These shares, with a face value of INR 10/-, are to be issued on a preferential basis at an issue price of INR 3,470/- per share, including a premium of INR 3,460/- per share.

The approvals, detailed in letters dated September 18, 2025, from both exchanges, are contingent on the company fulfilling various regulatory conditions. These include timely filing of the listing application, adherence to statutory guidelines from SEBI, RBI, and MCA, and compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Furthermore, the company is advised to implement robust internal controls to monitor trades by proposed allottees and to secure undertakings from them, confirming they will not engage in intra-day trading or sell shares until the allotment date, in line with SEBI (ICDR) Regulations, 2018. The exchanges reserve the right to withdraw their in-principle approval if submitted information is found to be incomplete or misleading.