Kati Patang Lifestyle Ltd — Updates, 08-07-2025: Company Update

Kati Patang Lifestyle Limited has announced a rights issue of up to 1.03 Cr partly paid-up equity shares at ₹20 each (₹10 face value plus ₹10 premium) on a 2:7 ratio basis for existing shareholders. The issue proceeds of ₹20.51 Cr will fund working capital requirements of its subsidiary Empyrean Spirits Pvt. Ltd. (ESPL), focused on craft beer manufacturing through contract manufacturers, and for unidentified acquisitions and general corporate purposes. Promoters intend to fully subscribe to their entitlements and may apply for additional shares. The shares will be listed on BSE, with payments due 50% on application and 50% on one or more calls. No borrowings by the company are being repaid from the proceeds. No special tax benefits are available. The company transitioned from telecom to alcoholic beverages by acquiring ESPL and rebranding in December 2024. Recent consolidated financials show rising revenues but losses, with ₹10.92 Cr revenue and ₹4.80 Cr net loss in FY25. The issue aims to support ESPL's working capital needs (~₹13.10 Cr) and corporate growth. The company confirms no willful defaulter or regulatory penalties, and maintains compliance with listing obligations except one late filing.