Kesar India Ltd — Updates, 04-08-2025: Company Update

Kesar India Limited's Preferential Issue Committee has detailed the company's capital raise plan, previously approved by the Board. The company plans to raise approximately ₹291.72 Cr. This includes issuing fully convertible warrants worth ₹244.68 Cr for cash to promoter and non-promoter investors. An additional ₹43.99 Cr in warrants will be issued to promoter group entities, with ₹11.00 Cr from converting an existing loan and ₹33.00 Cr in cash. The company will also issue equity shares worth ₹3.04 Cr for cash to non-promoter investors. Shareholder approval for this capital infusion will be sought at the upcoming Annual General Meeting.