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23 Mar 2026
Kati patang lifestyle Limited has announced that its board of directors will convene on March 26, 2026, to deliberate on a significant fund raising proposal. The meeting has been scheduled in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
Meeting Details and Agenda
The board meeting will take place at the company's corporate office located at 504, Savitri Cinema Complex, Greater Kailash-II, New Delhi-110 048. The primary agenda item involves considering a proposal for raising funds through making calls on the company's outstanding partly paid-up equity shares.
Parameter: Details Meeting Date: March 26, 2026 Meeting Time: Thursday Venue: Corporate Office, New Delhi Primary Agenda: Fund raising through calls on partly paid-up shares Regulation: SEBI Regulation 29
Trading Window Restrictions
In accordance with the company's Code of Internal Procedures & Conduct for Regulating, Monitoring & Reporting of trading by Insiders, specific trading restrictions will be implemented. The trading window for all designated persons and their immediate relatives will remain closed for dealing in the company's securities until 48 hours after the conclusion of the board meeting.
Regulatory Compliance
The announcement was made on March 23, 2026, providing the requisite prior intimation to BSE Limited as mandated under SEBI regulations. Company Secretary Sanjeev K Jha (FCS: 8690) signed the official communication, ensuring proper regulatory compliance and transparency in corporate governance practices.
Kati Patang Lifestyle Limited has issued a formal notice for an Extraordinary General Meeting scheduled for April 6, 2026, at 3:00 PM through Video Conferencing to seek shareholder approval for strategic acquisitions worth ₹4.43 crore. The company's Board of Directors had previously approved significant share swap arrangements during their meeting held on March 12, 2026.
EGM Details and Voting Process
The EGM will address two major share swap transactions involving the acquisition of 100% stake in Agnetta International Private Limited and the remaining 2% stake in Empyrean Spirits Private Limited. Remote e-voting will commence on April 3, 2026, at 9:00 AM and conclude on April 5, 2026, at 5:00 PM. The record date for determining voting eligibility has been set as March 30, 2026.
EGM Parameters: Details Meeting Date: April 6, 2026 Meeting Time: 3:00 PM (IST) Mode: Video Conferencing E-voting Period: April 3-5, 2026 Record Date: March 30, 2026 Relevant Date for Pricing: March 6, 2026
Share Swap Transaction Details
The preferential issue involves up to 18.46 lakh equity shares at ₹24 each to facilitate both acquisitions. The first transaction targets complete ownership of Agnetta International Private Limited, while the second aims to make Empyrean Spirits Private Limited a wholly-owned subsidiary.
Transaction Breakdown: Share Swap 1 Share Swap 2 Target Company: Agnetta International Pvt Ltd Empyrean Spirits Pvt Ltd Stake Acquisition: 100% Remaining 2% Shares to be Issued: 14,58,333 equity shares 3,87,280 equity shares Investment Value: ₹3.50 crore ₹92.95 lakh Issue Price: ₹24 per share ₹24 per share
Allottee Distribution and Shareholding Impact
The preferential issue will be made to nine non-promoter investors across both transactions. Post-issue, these allottees will collectively hold 4.27% of the company's share capital on a non-diluted basis and 3.45% on a fully diluted basis.
Major Allottees: Shares Allocated Investment Amount Plumeria Hospital Pvt Ltd: 4,65,572 ₹1.12 crore Komal Goyal: 4,21,924 ₹1.01 crore Puneet Ralhan: 4,21,924 ₹1.01 crore Satish Krishnan: 1,59,920 ₹38.38 lakh Ravinder Goyal: 1,48,913 ₹35.74 lakh
Regulatory Compliance and Valuation
The issue price of ₹24 per share has been determined in accordance with SEBI ICDR Regulations, 2018, representing a premium to the minimum floor price of ₹23.99. The valuation for the share swap arrangement has been conducted by registered valuer Mr. Subodh Kumar, with the valuation report dated March 3, 2026.
The company has appointed Mr. Saket Billa, Practicing Company Secretary, as the Scrutinizer for the voting process. Post-allotment, the company's fully paid-up share capital will comprise 4.32 crore equity shares of ₹10 each. The shares issued will be subject to lock-in provisions as per SEBI regulations and will rank pari-passu with existing equity shares.
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