Kay Power and Paper Ltd — Important, 11-10-2025: Company Update

Kay Power and Paper's board has approved the allotment of 31 Lakh equity shares, resulting from the conversion of previously issued warrants. These shares, with a face value of ₹10 each, were issued at a price of ₹30.10, including a ₹20.10 premium. This allotment generated approximately ₹7 Cr in balance funds for the company. Promoter Group entity Chandra Trading and Investment Private Limited received 30 Lakh shares, while non-promoter Anita was allotted 1 Lakh shares. This move increases the company's paid-up equity share capital from ₹31.84 Cr to ₹34.94 Cr, reflecting growth in the total outstanding shares.