Khadim India Ltd Approves Issue of Convertible Warrants and Announces Governance Changes

Khadim India Ltd Approves Issue of Convertible Warrants and Announces Governance Changes​

Khadim India Ltd has announced significant corporate actions following its Board Meeting held on July 02, 2026. The outcomes include the approval for a preferential issue of equity share warrants (Warrants), the appointment of an additional director, and the continuation of a key independent directorship.

The company approved the issuance of up to 10,68,182 Fully Convertible Equity Share Warrants. These Warrants have a face value of ₹ 10/- each and an exercise price of ₹ 110/-, aggregating a total issue size of ₹ 11,75,00,020/- (Eleven Crore Seventy Five Lakh Twenty Only).

The Warrants are being offered to the company’s Promoters and several identified Non-Promoter entities through a preferential issuance. Under the terms, each Warrant can be converted into one Equity Share within 18 months of the allotment date. An amount equivalent to 25% of the total issue size is payable upfront from the proposed allottees, with the remaining balance due upon conversion.

Investor Allocation Details​

The Warrants are being offered across a group of promoters and various non-promoter entities. The allocation details reflect the potential impact on equity holdings:


The details of the proposed allottees and their pre-issue equity holdings are available in the company documentation.

Shareholder Meeting and Voting Timelines​

To seek shareholder approval for the Warrants issuance proposal, Khadim India Ltd has scheduled an Extraordinary General Meeting (EGM).

Key dates for shareholders:

• EGM Date: Saturday, August 01, 2026, at 11:30 a.m. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
• Cut off Date for E-voting eligibility: July 25, 2026.
• Remote E-voting window: July 29, 2026 (from 9:00 a.m.) to July 31, 2026 (up to 5:00 p.m.).

Governance and Directorship Updates​

The company also announced several updates regarding its board structure, all subject to the approval of the Members of the Company:

Director Appointment: Mr. Sekhar Bhattacharjee was appointed as an Additional Director designated as an Independent Director. His appointment is effective from July 02, 2026, for a term of five consecutive years. Mr. Bhattacharjee brings over 35 years of experience in Compliance, Governance, and Legal across multinational and large corporate houses.

Director Continuation: The Board considered the continuation of Prof. (Dr.) Surabhi Banerjee as an Independent Director, following her attainment of 75 years. Her tenure is proposed to continue until May 24, 2027. Professor Banerjee has over 38 years of academic experience and served as a former Vice-Chancellor at several institutions.

The Board meeting also approved the change in one clause of the company’s Articles of Association, subject to shareholder approval.

KHADIM Stock Price Movement​

As of 1:33 PM, shares of Khadim India Limited are rallying at ₹108.7, climbing 1.83% in live trading. The stock shows a firm intraday performance, having seen 54,024 shares traded and operating well below the day high of ₹112.08.