Kati Patang Lifestyle Ltd Approves Conversion of Partly Paid-up Equity Shares Following Rights Issue Committee Meeting
Kati Patang Lifestyle Ltd announced on April 27, 2026, the outcome of its Rights Issue Committee meeting regarding the conversion of partly paid-up equity shares into fully paid-up equity shares. The Board of Directors committee reviewed the details concerning the payment of Call Monies in connection with the rights issue.The Rights Issue Committee meeting, held on April 27, 2026, approved the conversion of a specific number of partly paid-up equity shares. This conversion applies to those shareholders who had paid the First and Final Call Money during the designated period.
The core transaction details approved by the committee are as follows:
| Metric | Details |
|---|---|
| Shares to be Converted | 71,16,572 partly paid-up equity shares |
| Shares Converted To | 71,16,572 fully paid-up equity shares |
| Face Value | ₹ 10/- each |
| Call Money Paid | ₹ 10 per share (₹ 5 towards face value and ₹ 5 towards securities premium) |
| Call Payment Period | April 10, 2026, to April 24, 2026 |
The rights issue itself pertains to 1,02,56,651 Partly Paid-up Equity Shares, each having a face value of Rs. 10/-. These shares were originally issued and allotted at an issue price of ₹ 20 per share, which included a premium of ₹ 10 per share, pursuant to the Letter of Offer dated July 08, 2025.
The conversion of these partly paid-up shares into fully paid-up equity shares, under ISIN INE237C01016, was implemented based on the receipt of valid call monies through prescribed methods, to the extent applicable.
Following the meeting, the Company noted that it will make the necessary applications to the stock exchange for listing and trading approval of the resulting fully paid-up equity shares.
Stock Price Movement
Kati Patang Lifestyle Ltd wrapped up trading on Monday, settling at ₹20.09, marking a significant daily gain of 2.97%. Throughout the session, shares traded in a notable range, dipping to a low of ₹19.51 before peaking at an intraday high of ₹20.38.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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