Kuber Udyog Ltd — Important, 07-08-2026: Company Update

Kuber Udyog's Board has approved a major strategic shift and capital raising. The company will acquire 100% equity in Golden Ikon Fleet Management for Rs. 176.22 Cr, issuing 7.6285 Cr new shares for the acquisition. This move diversifies Kuber Udyog into fleet management, a new business line. To support future growth, the authorized capital will increase from Rs. 5 Cr to Rs. 125 Cr. The company also plans a preferential issue of 3.955 Cr equity shares and 3.70 Cr warrants, while increasing the investment limit for FPI/FII/NRI to 100%. Golden Ikon reported Rs. 307.92 Cr revenue in 2026.