Kamdhenu Ltd. Pays 75% Towards Warrant Conversion in Kamdhenu Ventures Limited
Kamdhenu Limited announced it has paid an amount of Rs. 7,46,89,500 towards the conversion of 1,46,45,000 warrants into Equity Shares of Kamdhenu Ventures Limited (KVL). This represents 75% of the total amount due for the conversion.The conversion follows an earlier intimation made on March 21, 2026, regarding the allotment of 2,96,45,000 warrants convertible into Equity Shares to Kamdhenu Ventures Limited. KVL will allot 1,46,45,000 Equity Shares to the Company upon conversion.
Details of Kamdhenu Ventures Limited (KVL):
| Particulars | Details |
|---|---|
| Authorized Capital | Rs. 3650.00 Lakhs |
| Paid Up Capital (Non Diluted) | Rs. 3143.55 Lakhs |
| Standalone Turnover (FY 2024-25) | Nil |
| Standalone EBIDTA (FY 2024-25) | Rs. (63.21) Lakhs |
| Consolidated Turnover (FY 2024-25) | Rs. 26,610.48 Lakhs |
| Consolidated EBIDTA (FY 2024-25) | Rs. 1,682.16 Lakhs |
KVL, listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), operates within the paint industry through its wholly owned subsidiary, Kamdhenu Colour & Coatings Limited. The investment in KVL is a strategic move by Kamdhenu Limited to participate in the future growth of the Kamdhenu Group’s paints and coatings business. The issue price of Rs. 6.80 per warrant was deemed favorable. Post allotment, Kamdhenu Limited will hold 4.45% of KVL’s post-issue paid up capital.
The total cost of acquisition is Rs. 9,95,86,000, with Rs. 2,48,96,500 paid at the time of warrant allotment. The conversion of the warrants is expected to be completed within 15 days. The transaction qualifies as being at arm's length.
Financial Performance of Kamdhenu Ventures Limited (KVL):
| Year | Standalone Turnover (Rs. Lakhs) | Consolidated Turnover (Rs. Lakhs) |
|---|---|---|
| 2024-25 | Nil | 26,610 |
| 2023-24 | Nil | 29,171 |
| 2022-23 | 899 | 25,950 |
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