Kesar India Ltd — Important, 28-02-2026: Company Update

Kesar India's Preferential Issue Committee approved the allotment of 5,74,319 equity shares to non-promoter allottees. These shares resulted from the conversion of an equal number of Fully Convertible Warrants, initially issued at ₹350 each. This move expands the company's equity base on a private placement basis. Following this allotment, the paid-up equity share capital has increased to ₹28.57 Cr, comprising 2,85,73,229 equity shares of ₹10 each. This issuance reflects the exercise of existing warrants, bringing in capital from non-promoter investors.