Kinetic Trust Ltd Board Approves Major Share Capital Increase and Preferential Fundraising
Kinetic Trust Limited held a Board of Directors meeting on Friday, July 10, 2026, where it considered and approved several key corporate decisions, including a significant increase in its Authorized Share Capital and a proposal for fundraising through the issuance of warrants.The Board reviewed and sanctioned the Director's report for the financial year ending March 31, 2026. A major resolution passed during the meeting involved the approval of increasing the Company's Authorized Share Capital (ASC). The ASC was increased from the existing capacity of 55,00,000 equity shares of face value ₹10.00 each to a new limit of 210,00,00,000 equity shares, also with a face value of ₹10.00 per share. This increase is subject to the approval of shareholders at the forthcoming Annual General Meeting (AGM).
Preferential Issuance Details Revealed
The meeting also approved a proposal for fundraising through the issuance of up to 60,00,000 warrants convertible into equity shares on a preferential basis. The issue is aimed at persons belonging to the non-promoter category and was set at a price of ₹11 per warrant. This potential issue carries a total size aggregating up to ₹26,60,00,000.00.The issuance details and investor allocations are provided as follows:
| Particulars | Details |
|---|---|
| Type of securities proposed | Issue of up to 60,00,000 warrants convertible into equity shares of face value ₹10/- each on Preferential basis. |
| Type of issuance | Preferential Issue of warrants convertible into equity shares in accordance with SEBI (ICDR) Regulation 2018 read with the Companies Act, 2013 and rules made thereunder. |
| Total issue size | Up to 60,00,000 warrants aggregating up to ₹26,60,00,000.00. |
A total of 10 investors were identified for the preferential allotment. The allocated details are summarized below:
| S.No. | Name of the Proposed Allottee | Category | No. of Warrants Proposed to be Allotted |
|---|---|---|---|
| 1. | Vipul Garg | Non-Promoter | 6,00,000 |
| 2. | Nidhi Jindal | Non-Promoter | 6,00,000 |
| 3. | Kushal Jain | Non-Promoter | 6,00,000 |
| 4. | Kashish Garg | Non-Promoter | 6,00,000 |
| 5. | Vasu Suneja | Non-Promoter | 6,00,000 |
| 6. | Sanjiv Khurana | Non-Promoter | 6,00,000 |
| 7. | Anuj Garg | Non-Promoter | 6,00,000 |
| 8. | Shruti Garg | Non-Promoter | 6,00,000 |
| 9. | Aditya Gupta | Non-Promoter | 6,00,000 |
| 10. | Aanya Garg | Non-Promoter | 6,00,000 |
AGM Details and Key Appointments
The Board also took several administrative steps to support future corporate actions. The date for the 34th Annual General Meeting (AGM) was fixed. Additionally, M/s C Gaur and Associates, Practicing Company Secretaries, were appointed as a Scrutinizer for conducting e-voting at the AGM.The meeting of the Board commenced at 3:00 P.M. and concluded at 4:30 P.M. The Board also fixed the ‘Cut off Date’ for dispatching the Notice to Shareholders and the date for determining members eligible for remote e-voting on the AGM resolutions.
Stock Price Movement
For Kinetic Trust Ltd on Friday, shares closed at ₹31.83, having ticked up 4.98% from previous close. The stock exhibited complete stability throughout the session, as its intraday movement remained locked at the ₹31.83 price point.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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