Krishna Capital Board Approves Rs. 34 Crore Capital Increase and Schedules EGM

Krishna Capital & Securities Limited's board has approved a comprehensive corporate restructuring plan including authorized capital increase, preferential share allotment, and change in control through a share purchase agreement. The board meeting held on March 26, 2026, addressed multiple strategic initiatives and scheduled an Extraordinary General Meeting for shareholder approval.

Authorized Capital Enhancement

The board approved a substantial increase in authorized share capital from Rs. 4.00 crore to Rs. 34.00 crore, requiring consequent alteration in the Capital Clause of Memorandum of Association. This expansion will facilitate the company's planned equity fundraising and strategic transactions.

Capital Structure: Details Current Authorized Capital: Rs. 4.00 crore Proposed Authorized Capital: Rs. 34.00 crore Increase Amount: Rs. 30.00 crore Approval Required: Shareholders' approval

Share Purchase Agreement and Control Transfer

The board approved execution of a Share Purchase Agreement dated March 26, 2026, between existing promoters and acquirers Mr. Ashu Jagmalaram Bishnoi and Mr. Yagnik Bharatkumar Tank. The acquirers will purchase up to 13,53,892 equity shares representing 42.87% of paid-up equity share capital at Rs. 20.00 per share, triggering mandatory open offer obligations under SEBI takeover regulations.

Transaction Details: Information Sale Shares: 13,53,892 equity shares Ownership Percentage: 42.87% of paid-up capital Price per Share: Rs. 20.00 Total Consideration: Up to Rs. 2.71 crore Open Offer Requirement: Yes, under SEBI SAST Regulations

Preferential Issue Framework

The board approved preferential allotment of up to 3,00,00,000 equity shares at Rs. 20.00 per share, raising Rs. 60.00 crore. The Committee of Independent Directors had previously approved this proposal, determining the pricing as fair and reasonable based on comprehensive valuation.

Preferential Issue: Details Total Shares: 3,00,00,000 equity shares Face Value: Rs. 10.00 per share Issue Price: Rs. 20.00 per share Premium: Rs. 10.00 per share Total Amount: Rs. 60.00 crore Number of Allottees: 5 investors

Board Composition and Leadership Changes

The board appointed Mr. Vinod Singh (DIN: 10454743) as Additional Executive Director effective March 26, 2026. Mr. Singh brings extensive banking experience as a retired General Manager from State Bank of India with 34 years of service and specialized knowledge in NBFC operations per RBI guidelines.

EGM Scheduling and E-voting Process

The board scheduled an Extraordinary General Meeting for April 25, 2026, at 11:30 AM through video conferencing to seek shareholder approval for the proposed resolutions. Mr. Bipin L. Makwana has been appointed as scrutinizer for the e-voting process.

EGM Details: Information Date: April 25, 2026 Time: 11:30 AM Mode: Video Conferencing/OAVM E-voting Period: April 22-24, 2026 Cut-off Date: April 17, 2026 Scrutinizer: Mr. Bipin L. Makwana

The comprehensive restructuring plan positions Krishna Capital for significant growth while ensuring regulatory compliance and proper shareholder governance through the scheduled EGM process.

Krishna Capital & Securities Limited has completed significant leadership changes following its board meeting held on February 27, 2026. The company announced the re-appointment of Mr. Ashokkumar Agrawal as Chairman and Managing Director and approved the change in designation of Mr. Vinodkumar Agrawal from Executive Director to Non-Executive Director.

Chairman and Managing Director Re-appointment

The board approved the re-appointment of Mr. Ashokkumar Agrawal (DIN: 00944735) as Chairman and Managing Director for a five-year term, effective from April 01, 2026 to March 31, 2031. The re-appointment is subject to approval from shareholders at the forthcoming Annual General Meeting.

Parameter: Details Name: Ashokkumar Babulal Agrawal (DIN: 00944735) Position: Chairman and Managing Director Term Period: April 01, 2026 to March 31, 2031 Experience: 25+ years in Finance, Banking, Trading, and Management Company Association: Since incorporation

Mr. Ashokkumar Agrawal brings over 25 years of extensive experience in finance, banking, share trading, and management operations. He has been associated with the company since its incorporation and is not debarred from holding the office of director by any SEBI order or other regulatory authority.

Director Designation Change

The board approved the change in designation of Mr. Vinodkumar Agrawal (DIN: 00413378) from Executive Director to Non-Executive Director, effective February 27, 2026. The company stated there is no material reason for this designation change.

Change Details: Information Director Name: Mr. Vinodkumar Babulal Agrawal (DIN: 00413378) Previous Role: Executive Director New Role: Non-Executive Director Effective Date: February 27, 2026 Relationship: Brother of Mr. Ashokkumar Agrawal

CFO Appointment Completed

Alongside these leadership changes, the company had previously appointed Mr. Raj Kishorkumar Gajjar as Chief Financial Officer and Key Managerial Personnel, effective February 27, 2026. Mr. Gajjar, a Commerce graduate from VNSGU with over 15 years of experience in finance and business management, replaced Mr. Vinodkumar Agrawal in the CFO role.

CFO Details: Information Name: Mr. Raj Kishorkumar Gajjar Education: B.Com. from VNSGU (2008) Experience: 15+ years in finance and business management PAN: AXKPG0588Q Appointment Date: February 27, 2026

Committee Reconstitution and Governance

The board approved comprehensive reconstitution of key committees effective February 27, 2026, ensuring proper governance structure and regulatory compliance. The new committee compositions reflect strategic alignment with corporate governance best practices.

Committee Member: Nomination & Remuneration Audit Committee Stakeholder Relationship Kalpesh Mehta (Independent Director) Chairman Chairman Chairman Mrs. Meenu Maheshwari (Independent Director) Member Member Member Mr. Vinodkumar Agrawal (Non-Executive Director) Member Member Member

Regulatory Compliance

The company communicated all board decisions to BSE Limited under Script Code 539384, ensuring compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed disclosures under applicable SEBI regulations have been submitted to maintain transparency in corporate governance practices. The information is also available on the company's website at www.kcsl.co.in .

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