KCK Industries Announces Preferential Share Offer and De-merger of Land Assets into Subsidiary
KCK Industries Limited announced significant corporate decisions on July 3, 2026, approving a substantial preferential issue of shares and advancing a draft scheme for the de-merger of land assets to its wholly owned subsidiary. The Board meeting also addressed changes in office locations and key management appointments.Capital Market Operations and Preferential Issue
The Board approved a plan to issue up to 25,00,00,000 equity shares on a preferential basis for an aggregate amount of up to Rs. 50,00,00,000/- (Rupees Fifty Crores Only). These shares are offered at an issue price of Rs. 20/- per share or a higher price determined by relevant regulations.The allotment is directed towards several proposed allottees, including entities categorized as Promoter Group and Public category. The company confirmed that the issuance is subject to shareholder approval via a Special Resolution in the upcoming General Meeting.
Details regarding the allocation of shares have been provided, showing the outcome post-allotment for key investors:
| Name of Allottee | Status Post Allotment | Pre-Preferential Shareholding (Shares) | Post-Preferential Shareholding (Shares) |
|---|---|---|---|
| Jayd Trade Private Limited | Promoter Group | 67,00,000 | 79,50,000 |
| Sheorayan Engineers & Associates Private Limited | Promoter Group | 69,62,000 | 82,12,000 |
| Madhuson Exports Limited | Public | - | 75,00,000 |
| Shreeram Shreemant Mule | Public | - | 25,00,000 |
| Sagar Dattatrya Nivekar | Public | - | 25,00,000 |
| Gilded Technologies Private Limited | Public | - | 1,00,00,000 |
The preferential issue includes a total of six investors.
Corporate Restructuring and Management Changes
Alongside the capital restructuring, the company approved the draft scheme for the de-merger of its land assets to KCK Infratech Private Limited, a wholly owned subsidiary. This transfer is intended to facilitate the establishment of business infrastructure by the subsidiary, which is engaged in Information technology, cloud computing, and digital services. The division of land being transferred was valued at Nil % of turnover, and the rationale for the de-merger focused on improving operational efficiency and enabling focused development within the WOS.The Board also approved shifting both the Registered Office and the Corporate Office to SCO 198, Bridge Road, near Orra Shopping Plaza, Sector 17, Chandigarh.
In terms of key personnel, the Board took note of the resignation of Mrs. Harsimran Jitkaur from the post of Company Secretary and Compliance Officer, effective June 27, 2026. Subsequently, Ms. Madhu Kaushik was appointed as the new Company Secretary and Compliance Officer, effective July 3, 2026.
The Board also approved convening an Extra Ordinary General Meeting (EGM) to seek shareholder approval for the preferential issue and for appointing Mrs. Bhawna Saunkhiya (DIN: 10683032) as a Non-Executive Independent Director of the Company. Mr. Sumit Bajaj, Proprietor of M/s. Sumit Bajaj & Associates, was appointed as Scrutinizer for conducting the E-Voting process.
Clarification on Preferential Allottee Name
On July 7, KCK Industries Limited clarified a clerical and typographical error in the initial disclosure regarding the preferential issue. The name of one proposed allottee was initially mentioned as Mr. Shreemant Vithal Mule but was corrected to the accurate name, Mr. Shreeram Shreemant Mule. All other details related to the outcome remain unchanged.KCK Stock Price Movement
Shares of Kck Industries Limited are climbing strongly to ₹13.20 as of 2:30 PM, fueled by a notable gain of 1.93%. The stock has seen active trading today, with 30,000 shares exchanging hands in the live market.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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