Kati Patang Lifestyle Ltd — Updates, 30-06-2025: Company Update

Kati Patang Lifestyle Limited, formerly Virtualsoft Systems Limited, is issuing up to ₹21 Cr* through a Rights Issue to existing shareholders at ₹[●] per partly paid equity share (face value ₹10). The Issue offers [●] rights shares for every [●] shares held on Record Date, with [●]% payable on application and the balance via future calls. The net proceeds will primarily fund working capital for its subsidiary Empyrean Spirits Pvt Ltd, which operates the craft beer brand “Kati Patang,” and for general corporate purposes including potential acquisitions in the alcoholic beverages and lifestyle sector. The company recently transitioned from mobile roaming services to alcoholic beverages, acquiring Empyrean Spirits in 2024 and changing its name accordingly. Rights Entitlements will be credited in demat form; physical shareholders must provide demat details before the Issue Closing Date to participate. The Issue is open only to shareholders with an Indian address. Promoters have committed to subscribe fully and may purchase unsubscribed shares, ensuring compliance with minimum public shareholding norms. The Issue shares will rank pari passu with existing equity and be listed on BSE. This is a partly paid share rights offer accessible through ASBA only; Applications will be rejected if details are incomplete, multiple, or contravene applicable laws. No special tax benefits accrue to the company or shareholders under the Income Tax Act. Neither the company nor its promoters are wilful defaulters or involved in litigation affecting operations. Applications from outside India are subject to foreign investment restrictions and prior approvals if applicable. (*Assuming full subscription and payment of calls)