KAKaya539276Preferential allotment

BSE and NSE grant in-principle approval for proposed preferential issue of ~18.24 lakh shares

Kaya Ltd has received in-principle approval from BSE and NSE for its proposed preferential issue.

By ScoutQuest · Mon 19 Oct 2026, 7:09 PM IST · 2 min read

Shares in proposed issue

~18.24 lakh equity shares of face value Rs. 10 each

Issue price

Rs. 274.10 per share

Issue size

aggregating up to ~Rs. 50 crore

What was announced

• Kaya Ltd has received in-principle approval from BSE Ltd and NSE Ltd for its proposed preferential issue.
• Both exchange letters are dated October 19, 2026.
• The company had applied for the in-principle approval on August 12, 2026.

The proposed issue terms

• Number of shares: ~18.24 lakh equity shares.
• Face value: Rs. 10 per equity share.
• Issue price: Rs. 274.10 per equity share.
• Amount: aggregating up to ~Rs. 50 crore.
• Proposed allottees: Axana Estates LLP and Plutus Investments India Private Limited.

What in-principle approval means

A stock exchange's in-principle approval is a clearance that lets the company go ahead with the proposed issue on that exchange. It is one of the steps before shares are actually issued and allotted to the investors named. The update describes the issue as proposed, and the word used for the recipients is proposed allottees.

What a preferential issue is

A preferential issue is when a company issues shares to a select set of investors rather than to the general public. It brings fresh money into the company, and it also increases the total number of shares in existence. Because of that, existing shareholders end up holding a smaller percentage of the company, unless they too are allotted shares.

What a reader may want to track

• The issue price of Rs. 274.10 per share, which is the price at which the new shares are proposed to be issued.
• The maximum amount involved, ~Rs. 50 crore, and how much of it is actually raised.
• The names of the proposed allottees: Axana Estates LLP and Plutus Investments India Private Limited.
• The next steps, namely the actual issue and allotment of the shares, and any later disclosure on how the money raised is used.

In short

This is a procedural update on a proposed preferential issue. It tells investors that the two exchanges have cleared the proposal, with the share count, price and amount stated above, while the allotment itself is still to happen.

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