Kotyark Industries Limited — Important, 20-01-2025: Updates

Kotyark Bio Specialities Ltd, a subsidiary of Kotyark Industries Ltd, has secured approval for the issuance of 12,60,000 Compulsory Convertible Debentures (CCDs) at a face value of ₹100 each, totaling ₹12.6 crore through a private placement. The issuance is open for 30 days or until the subscription is fulfilled. As of the latest updates, total subscriptions of 11,90,000 CCDs, amounting to ₹11.9 crore, have been completed, with an additional 70,000 CCDs, equating to ₹0.7 crore, subscribed subsequently. This strategic move strengthens the company's financial base and supports its growth trajectory. Investors should monitor this development as it reflects a robust demand for the CCDs and indicates positive market sentiment towards Kotyark Industries.