Krishna Defence Appoints New Director, Allots ESOP Shares and Revisions AGM Notice
Krishna Defence and Allied Industries Limited announced significant corporate developments, including the appointment of a new director, the allotment of equity shares under its Employee Stock Option Plan (ESOP), and a revision to the notice for its upcoming Annual General Meeting (AGM). The company's Board approved these matters during a meeting held on Wednesday, June 17, 2026.The Board appointed Mr. Harshadsinh Mahida as an Additional Whole Time Director of the Company, effective from June 17, 2026. His appointment is subject to shareholder approval at the ensuing Annual General Meeting (AGM) scheduled for July 15, 2026.
Mr. Mahida brings over 29 years of experience and holds a Bachelor of Engineering (Mechanical). He has managed multi-site operations across various units including Pipes & Tooling, CNCshop, Machine shop, Maintenance, and Production Planning & Control. Mr. Mahida is currently involved in the Company as Sr. Manager-(Operation) within the Defence Manufacturing Unit, and he is not related to any other director.
Employee Stock Option Plan Allotment Details
The company also approved and allotted 14,358 Equity Shares fully paid up under the ESOP. These shares were allotted to Mrs. Sarojini Kadam, registered nominee of Late Mr. Sandeep Ramrao Kadam, upon exercise of vested employee stock options and payment of the applicable exercise price.Details regarding the share allotment are presented below:
| Particulars | Details |
|---|---|
| Number of Shares Allotted | 14,358 |
| Face Value per Share | Rs. 10/- |
| Exercise Price per Share | Rs. 304/- |
| Premium per Share | Rs. 294/- |
| Total Issued Shares Post-Allotment | 1,49,47,746 |
| Total Issue Capital Post-Allotment | Rs. 14,94,77,460/- |
AGM Notice Revision
The Board further revised the Notice of the Annual General Meeting (AGM), which is scheduled for July 15, 2026. The revision includes an additional item of business allowing shareholders to regularize Mr. Harshadsinh Mahida as a Whole-time Director of the Company.Except for this new agenda item and the corresponding Explanatory Statement regarding the director's regularization, all other components of the AGM Notice, including the date, time, and mode of the meeting, remain unchanged.
KRISHNADEF Stock Price Movement
Today, shares of Krishna Defence And Allied Industries Limited rallied in post-market trading, settling at ₹1306 after marking an 8.34% gain during the day. This strong performance pushed the stock to breach its previous record, hitting a five-year high when it peaked at an intraday level of ₹1333.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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