Krishca Strapping Solutions Approves Funds Raise in Vajra Alloys Private Limited

Krishca Strapping Solutions Approves Funds Raise in Vajra Alloys Private Limited​

Krishca Strapping Solutions Limited announced the approval of a Share Subscription and Shareholders' Agreement executed on March 31, 2026. The agreement involves the Company, its subsidiary Vajra Alloys Private Limited (VAPL), and several investors.

The Board of Directors of Krishca Strapping Solutions Limited approved the transaction between the Company, its subsidiary VAPL, Mr. Babajirajah bhonsle shivajirajah bhonsle, Mr. Lenin krishnamoorthy balamanikandan, Sambhv Steel Tubes Limited, and Quintillion Global LLP.

Preferential Allotment Details​

Under the agreement, VAPL will allot fully paid equity shares on a preferential basis to raise funds. The total investment from the investors is approximately INR 11,52,38,997/-. This investment will allow the investors to subscribe to equity shares aggregating to approximately 23% of the issued and paid-up equity share capital of VAPL on a post allotment basis.

The investment details from the key investors are as follows:


Following this preferential allotment, Krishca Strapping Solutions Limited stated that it shall continue to retain its controlling stake in Vajra Alloys Private Limited, which will remain a subsidiary of the Company.

Transaction and Entity Overview​

The details provided regarding the transaction confirm that the consideration received from the preferential allotment is INR 11,52,38,997 /- for 28,377 Equity Shares of INR 4,061/- each.

The entity involved in the preferential allotment is Vajra Alloys Private Limited. The business of this entity involves manufacturing, processing, refining and distribution of specialty metals and alloys, including nickel-based, cobalt-based, PH steels, high-speed steels, titanium alloys and other advanced materials. The Company may supply such materials in various forms such as billets, ingots, forgings, castings, powders, plates, sheets, coils, wires, rods and other semi-finished or finished products, and can undertake allied activities including alloy development, heat treatment, machining and value-added metallurgical services for industrial and high-performance engineering applications.

The rationale cited for the transaction is to bring in strategic/financial investors while retaining management control. The allotment of shares was entered into on March 31, 2026. The approximate date of completion for the preferential allotment is expected on or before May 31, 2026, via credit of Shares on Investors Account Post Corporate Action.

KRISHCA Stock Price Movement​

Today, Krishca Strapping Solutions Limited shares slipped by 1.98% to settle at ₹153.75. The stock traded on a volume of 14,500 shares in post-market activity.

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