Krishna Defence and Allied Industries Limited — Board Meeting, 26-06-2025: Outcome of Board Meeting

Krishna Defence has announced a board meeting in which it approved the conversion of 5.41 lakh warrants into equity shares at Rs. 228 per share, raising the paid-up capital to Rs. 146 Cr from Rs. 140.6 Cr (face value Rs. 10 each). The preferential allotment involved seven investors, including individuals and entities like Shlok Savjani and Bhagyoday Oil Industries. Additionally, 3.19 lakh warrants remain outstanding for future conversion. This equity raise strengthens the company’s capital base, supporting its growth and operations ahead.