Kesar India Limited Allots 14,55,235 Equity Shares Through Warrant Conversion

Kesar India Limited has successfully completed the allotment of 14,55,235 equity shares through the conversion of fully convertible warrants, as approved by the company's Preferential Issue Committee on May 02, 2026. The warrants were originally allotted on September 18, 2025, at an issue price of ₹350 per share.

Allotment Details

The equity shares, each carrying a face value of ₹10, were distributed among both promoter and non-promoter categories through preferential allotment on a private placement basis. The allotment represents a significant capital structure enhancement for the company.

Category Allottee Name Shares Allotted Promoter Gopal Gupta 6,20,953 Non-Promoter Harish Kumar Rajhwani and Purushottam Das Gupta (Shivaay Trading Company) 3,42,857 Non-Promoter Amrik Singh 2,85,714 Non-Promoter Dharmendra Bhooraram Prajapat 57,142 Non-Promoter Pawan Kripashankar Gupta 57,142 Non-Promoter Akashdeep Tejraj Lodha 28,571 Non-Promoter Pranav Hemant Bhagat 28,571 Non-Promoter Priyank Dhirendra Shah 24,762 Non-Promoter Riddhi Abhinav Chedda 9,523 Total 14,55,235

Impact on Share Capital

Following the completion of this allotment, Kesar India Limited's paid-up equity share capital has increased substantially. The enhanced capital structure reflects the company's growth trajectory and investor confidence.

Parameter Details New Paid-up Capital ₹30,02,84,640.00 Total Equity Shares 3,00,28,464 Face Value per Share ₹10 Issue Price per Share ₹350

Committee Proceedings

The Preferential Issue Committee meeting was conducted efficiently on Saturday, May 02, 2026, commencing at 05:45 P.M. and concluding at 06:00 P.M. The committee's decision was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The warrant conversion process demonstrates the company's ability to successfully execute its capital raising initiatives while maintaining compliance with regulatory requirements. The diverse investor base, including both promoter and non-promoter participants, indicates broad-based confidence in the company's prospects.

Kesar India Limited has announced changes in its Key Managerial Personnel (KMP) following a Board meeting held on April 18, 2026. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the resignation of Ms. Toshiba Jain as Company Secretary and Compliance Officer (KMP) effective from the close of business hours on April 18, 2026. The Board also appointed Ms. Aditi Anup Deshmukh as the new Company Secretary and Compliance Officer (KMP) effective from April 19, 2026.

Board Meeting Details

The Board of Directors Meeting commenced at 06:30 p.m. and concluded at 07:30 p.m. on April 18, 2026. The decisions were taken pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The communication was addressed to BSE Limited with Scrip Code 543542.

Key Personnel Changes

Sr. No Particulars Resignation Appointment 1. Reason for change Resignation of Ms. Toshiba Jain as Company Secretary and Compliance Officer (KMP) Appointment of Ms. Aditi Anup Deshmukh as Company Secretary and Compliance Officer (KMP) 2. Effective date Saturday, April 18, 2026 Sunday, April 19, 2026 3. Brief profile Not Applicable Ms. Aditi Anup Deshmukh is a qualified Company Secretary, Associate Member of ICSI, with extensive experience in Company Law, SEBI Regulations, ROC filings, annual filings, and Stock Exchange Compliances. She holds a Bachelor in Commerce (B.Com.) degree 4. Disclosure of relationships between directors NA NA 5. Shareholding in the Company NA NA

Profile of New Appointment

Ms. Aditi Anup Deshmukh is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). She has successfully completed her training during which she gained extensive experience in various aspects of Company Law, SEBI Regulations, including ROC filings, annual filings, Stock Exchange Compliances and other related regulatory processes. Besides being a Company Secretary, she holds a Bachelor in Commerce (B.Com.) degree.

Resignation Details

Ms. Toshiba Jain tendered her resignation from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) effective from April 18, 2026. In her resignation letter addressed to the Board of Directors, she stated that the decision was made to pursue career opportunities outside the Company. She expressed gratitude for the opportunity and support extended during her tenure and requested acknowledgment of receipt and necessary filings with the Registrar of Companies. The announcement was digitally signed by Sachin Gopal Gupta, Managing Director of Kesar India Limited.

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