KG Denim Ltd — Board Meeting, 11-08-2025: Board Meeting

KG Denim's Board has approved the financial results for the quarter ended June 30, 2025. The board greenlit raising funds by issuing up to 13.47 lakh warrants at ₹17 each, totaling ₹2.29 Cr, to a promoter. These convert into equity shares, boosting his fully diluted stake from 8.61% to 13.18%. Additionally, up to 10 lakh unlisted 6% Non-convertible Cumulative Redeemable Preference Shares at ₹100 each, totaling ₹10 Cr, will be issued to promoters. The auditor's report highlights ongoing negotiations with creditors for ₹21.25 Cr outstanding dues. Shareholder approval is required for these fund-raising plans and Secretarial Auditor appointment.