Kesar India expands capital with equity share allotment

Kesar India Limited has completed the allotment of 3,198,473 equity shares, each with a face value of ₹10, as a result of the conversion of an equal number of fully convertible warrants. The warrants were initially allotted on September 18, 2025, and converted at an issue price of ₹350 per share through a preferential allotment on a private placement basis. This transaction, approved by the Preferential Issue Committee of the Board of Directors on December 10, 2025, sees the company's paid-up equity share capital increase to ₹279,981,290, divided into 27,998,129 equity shares of ₹10 each.

The allotments were made to a mix of "Promoter & Promoter Group" and "Non-Promoter" category allottees. Notable recipients include Sumati Rohit Agrawal with 200,000 shares, Shilpa R Kothari with 571,428 shares, and Sangeeta Gopalchand Gupta with 685,714 shares. Kesar Lands Private Limited and Kesar Infracon Private Limited, both from the Promoter Group, each received 114,285 shares.