Board meeting on October 12, 2026 to consider preferential fund raise and employee share issue
Board meeting scheduled for Monday, October 12, 2026.
- Board Meeting Date
- Monday, October 12, 2026
- Trading Window Closed From
- October 01, 2026
- Shareholder Approval Required
- Preferential fund raise and employee share issue under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
What has been intimated
Kotyark Industries Ltd has informed the listing departments of NSE and BSE that a meeting of its Board of Directors is scheduled to be held on Monday, October 12, 2026 at the company's registered office at A-3, 2nd Floor, Shree Ganesh Nagar Housing Society, Ramakaka Temple Road, Chhani, Vadodara-391740. This is an intimation of a board meeting, so the items listed are proposals placed before the Board for discussion and approval.
What the Board will take up
- Raising of funds by way of issue of equity shares and/or convertible warrants to Promoter/Promoter Group and Non-Promoters/Public category shareholders on a preferential basis, subject to all such regulatory and statutory approvals as may be required, including the approval of the shareholders of the company.
- Issuance of equity shares in accordance with the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and other applicable laws and regulations, subject to the recommendation of the Nomination and Remuneration Committee and the approval of the shareholders.
- Any other items as may be decided by the Board of Directors.
Reading the two proposals
A preferential basis issue means shares or convertible warrants are proposed to be allotted to identified investors rather than to the public at large. The update names the proposed categories as Promoter/Promoter Group and Non-Promoters/Public category shareholders. Convertible warrants are instruments that can later be converted into equity shares.
The second proposal relates to equity shares issued under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the framework that covers employee benefit schemes and sweat equity.
Both matters are stated to be subject to shareholder approval, so the process would move from the Board to a shareholders' vote.
Trading window
The trading window for dealing in the securities of the company has already been closed from Thursday, October 01, 2026 and shall remain closed until 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results of the company for the quarter and half year ended September 30, 2026. All Designated Persons have been informed not to trade in the company's securities during this period of closure.
How a retail investor can read this
The letter tells the reader what will be placed before the Board on October 12, 2026. A fund raise through equity shares or convertible warrants can change the share capital of the company, and an employee share issuance is another route by which shares can be issued. Because both proposals also require shareholder approval, the items would come back to investors for a vote. The Board's decision and the subsequent shareholder process would carry the actual terms.
More numbers
- Trading window closure after declaration of results48 hours
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