Preferential Issue Committee allots 17,31,752 equity shares at Rs. 900/- via share swap
The Preferential Issue Committee approved allotment of 17,31,752 Equity Shares on a preferential basis at Rs. 900/- each.
By ScoutQuest · · 1 min read
- Shares Allotted
- 17,31,752 Equity Shares at Rs. 900/- each, on a preferential basis
- Consideration
- Other than cash, i.e. a Share Swap — no cash comes in from this allotment
- Paid-up Capital
- Rs. 34.27 crore, comprising 3,42,65,970 Equity Shares of face value Rs. 10/- each
What was approved
The Preferential Issue Committee of the Board of Directors of Kesar India Limited, at its meeting held on October 14, 2026, considered and approved the allotment of 17,31,752 Equity Shares of face value Rs. 10/- each, at an issue price of Rs. 900/- per Equity Share, on a preferential basis.
How the shares are being paid for
The allotment is for consideration other than cash, i.e. a Share Swap. In simple terms, the company is issuing these shares in exchange for something other than a cash payment, so no cash proceeds come to the company from this allotment.
Who received the shares
- Yash Gopal Gupta, Promoter & Promoter Group: 8,65,876 Equity Shares
- Sangeeta Gopalchand Gupta, Promoter & Promoter Group: 8,65,876 Equity Shares
- Total: 17,31,752 Equity Shares
Both allottees belong to the Promoter & Promoter Group.
Effect on share capital
Consequent to the allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 34.27 crore, comprising 3,42,65,970 Equity Shares of face value Rs. 10/- each.
The company's equity base has expanded, and the shares have gone entirely to promoter-side holders. A larger share count means an existing shareholder's stake becomes a smaller proportion of the company unless that shareholder also participates in such issuances. At the same time, an issue priced at Rs. 900/- per share of Rs. 10/- face value is issued at a premium to face value, and because the consideration is a share swap rather than cash, the company does not receive funds from this allotment.
Also from Kesar India
Kesar India Ltd: promoter reports a transaction via conversion of warrants
17 Oct 2026
More numbers
- Equity shares allotted on preferential basis17,31,752 Equity Shares
- Issue price per Equity ShareRs. 900/-
- Face value per Equity ShareRs. 10/-
- Shares allotted to Yash Gopal Gupta8,65,876
- Shares allotted to Sangeeta Gopalchand Gupta8,65,876
- Paid-up Equity Share Capital after allotmentRs. 34,26,59,700/-
- Total Equity Shares after allotment3,42,65,970 Equity Shares
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