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Kesar India - Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Of Kesar India Limited ('The Company') I

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Dion Global

01 Aug 2025

With reference to the captioned subject and in terms of the provisions of Regulation 30 read with other applicable regulations of the SEBI (LODR) Regulations, we wish to inform your good office that the Board of Directors of the Company, at its meeting held today i.e., August 01, 2025, has considered and approved, inter alia, a Preferential Issue aggregating to approximately ?291.72 crore. The issue comprises allotment of Fully Convertible Warrants aggregating to ?244.68 crore. Further, the Company will issue Fully Convertible Warrants aggregating to ?43.99 crore, out of which ?10.99 crore (representing the application amount) will be adjusted towards conversion of an existing loan, and the balance ?32.99 crore will be received in cash from the respective allottees. In addition, the Company will also issue Equity Shares aggregating to ?3.04 crore.