Kabra Extrusiontechnik Limited Board Approves Preferential Issue of Up To 32 Lakh Equity Shares
Kabra Extrusiontechnik Limited has announced that its Board of Directors approved a significant preferential issue of equity shares, with the aim of raising up to ₹120 crore.The decision by the Board included approval to issue up to 32 lakh fully paid up equity shares at a face value of ₹5 each for cash. The share price set for the offer is ₹375 per equity share, which includes a premium of ₹370 per share.
This preferential allotment is targeted toward persons and entities belonging to both the Promoter & Promoter Group and Non-Promoters categories. The total aggregate amount sought through this issue is up to ₹120,00,00,125/-.
The company further approved the convening of an Extraordinary General Meeting for its members on September 02, 2026. This meeting is intended to seek approval for the aforementioned Preferential Issue.
Key Details of the Equity Share Issuance:
| Particular | Detail |
|---|---|
| Type of Securities | Equity Shares |
| Total Shares Proposed | Upto 32,00,000 fully paid up equity shares |
| Face Value | ₹5 per share |
| Issue Price | ₹375/- including premium of ₹370/- |
| Aggregate Amount | Up to ₹120,00,00,125/- |
Investor Category and Details
The preferential issue involves both Promoter/Promoter Group entities and Non-Promoter investors. A total of 11 investors have been identified for the issuance.
The allotment is targeted at:
- Promoter/Promoter Group: Garudlaxmi Ventures LLP
- Non-Promoters: Saurabh Verma, Nitish Mittersain, Siddharth Kabra, Singularity Large Value Fund III, Utpal Hemendra Sheth, Sthitaprajna Advisors LLP, Kiran Vyapar Limited, Surendra Lakhumal Hiranandani, Chanakya Wealth Creation Fund, Amit Mehta, and the final investor.
The Issue Price of the equity shares is set at Rs 375/-, which incorporates a premium of Rs 370/, as determined by the applicable provisions governing capital issuance regulations.
KABRAEXTRU Stock Price Movement
Kabra Extrusion Technik Limited shares slipped today, shedding 5.36% in post-market trading and settling at ₹452. The stock saw a significant intraday volatility range, with the total traded volume reaching 809,544 shares after touching a low of ₹439.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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