Clarifications shared With NSE On Preferential Issue Of 18,24,150 Shares At Rs. 274.10
Kaya shared clarifications to NSE on its in-principle application for a preferential issue of 18,24,150 shares at Rs. 274.10 each (premium Rs. 264.10).
- Preferential Issue Size
- 18,24,150 equity shares at Rs. 274.10 per share (premium Rs. 264.10)
- Outstanding ESOPs Factored In
- 5,39,739 outstanding ESOPs on fully diluted basis
- Promoter Shareholding Post-Issue
- 45.91% post-issue and 44.50% on diluted basis
- Pre-preferential Outstanding Shares
- 1,51,87,609 equity shares
- Lock-in Period Extension
- Extended from March 1, 2027 to March 31, 2027
What was shared
Kaya Limited informed the exchanges about clarifications given in response to observations raised by NSE on the in-principle application for its preferential issue, approved at the EGM held on September 05, 2026.
The issue is for 18,24,150 equity shares of face value Rs. 10 each at an issue price of Rs. 274.10 per share, which includes a premium of Rs. 264.10 per share.
The two clarifications
- ESOPs: the post-issue shareholding pattern has been revised to take into account 5,39,739 outstanding ESOPs, so allottees' post-allotment percentages are now shown on a fully diluted basis.
- Lock-in: the pre-preferential shareholding of the concerned allottee is subject to lock-in under Regulation 167 of SEBI ICDR, and the lock-in period has been extended from March 1, 2027 to March 31, 2027, with revised details and CDSL confirmations being provided.
The company states this revision does not change the number of shares to be allotted or the issue price.
Capital before and after
- Pre-preferential outstanding equity shares: 1,51,87,609
- Shares to be allotted: 18,24,150
- Post-preferential total: 1,70,11,759
- Shares under ESOP scheme: 5,39,739
- Post-issue total on diluted basis: 1,75,51,498
Proposed allottees
- Axana Estates LLP (non-promoter): held 20,90,068 shares before; 8,45,009 shares proposed to be issued; post-issue 29,35,077 shares, 17.25% (16.72% diluted).
- Plutus Investments India Private Limited (non-promoter): held 0 shares before; 9,79,141 shares proposed to be issued; post-issue holding 5.76% (5.58% diluted).
Effect on promoters
Promoter and promoter group holding stands at 51.43% pre-issue, moving to 45.91% post-issue and 44.50% on a diluted basis, since the fresh shares go to non-promoters.
ESOP movement noted
Outstanding ESOPs at the June quarter-end were 5,26,309 options; 75,000 options were granted on August 10, 2026 and 61,572 options lapsed on September 1, 2026, taking the total to 5,39,739 options.
All other terms of the EGM notice remain unchanged.
More numbers
- Shares in preferential issue18,24,150
- Issue price per share₹ 274.10/-
- Premium per share₹ 264.10/-
- Face value per share₹ 10/-
- Outstanding ESOPs5,39,739
- Pre-preferential outstanding shares1,51,87,609
- Post-preferential total shares1,70,11,759
- Post-issue total on diluted basis1,75,51,498
- Axana Estates LLP post-issue holding17.25%
- Plutus Investments post-issue holding5.76%
- Promoter holding pre-issue51.43
- Promoter holding post-issue45.91
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