Kontor Space Limited Approves Preferential Fund Raise and Key Corporate Appointments

Kontor Space Limited Approves Preferential Fund Raise and Key Corporate Appointments​

Kontor Space Limited has finalized several major corporate decisions, including the preferential allotment of equity shares and convertible warrants, along with approving significant appointments related to company governance. The Board meeting addressed capital raising initiatives, proposed key executive roles, and set dates for an upcoming Extraordinary General Meeting (EOGM).

The company approved the issue, offer, and allotment of securities as part of a capital-raising exercise. Under this initiative, 16,85,000 Preferential Equity shares were allotted to non-promoters, while 13,15,000 Convertible Warrants were issued to both Promoter and Non-Promoter categories. The issue price for both the equity shares and convertible warrants was set at Rs 75/-, which includes a premium of Rs 65/-.

Investor Allotment Details​

The preferential allotment involved several entities across both equity shares and warrants.

The distribution details are as follows:


Among the investors who received warrants were Kanak Mangal (7,15,000), M/s. Trisha Venture LLP (5,00,000), and Mrs. Aruna Chanchal Singh Rajora (1,00,000). For equity shares allotment, Satyen J Mamtora received 6,75,000 shares, while Arron insurance brokers private limited and Savas engineering company private limited were allocated 6,75,000 and 3,35,000 shares respectively.

Governance and Board Decisions​

The Board meeting also considered and approved several critical governance matters, pending shareholder approval:

• Independent Director: The proposal to regularize Ms. Jessica Gandhi (DIN: 10432452) as a Non-Executive Independent Director in the Women category was put forth for shareholder consideration.
• Appointments: Roy Jacob & Co., Practicing Company Secretaries, were appointed as the Scrutinizer for the remote e-voting and e-voting process planned for the EOGM. Furthermore, Vishal Manseta, a Practicing Company Secretary, was designated as the Secretarial Auditor of the company subject to shareholder approval.
• EGM Scheduling: The draft Notice of the Extraordinary General Meeting (EOGM) was considered and approved, with the meeting scheduled for July 10, 2026. A cut-off date was also fixed to determine eligible members for dispatching the EGM Notice.

Shareholding Status Post Allotment​

Details regarding the post-preferential allotment shareholding status of key investors were reviewed:


The Board members also noted that the proposal concerning investment in Wybrid Technology Private Limited was discussed and subsequently deferred to a future date.

KONTOR Stock Price Movement​

Today, Kontor Space Limited shares edged higher to settle at ₹59.95 after gaining 1.52%. The stock closed with solid trading activity, recording a traded volume of 1,200 shares today.