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Kesar India Limited seeks shareholder approval for preferential share allotment to directors
01-Aug-2026, 12:25
Kesar India Limited plans a preferential allotment of 8,65,876 shares to each of Executive Director Yash Gopal Gupta and Non-Executive, Non-Independent Director Sangeeta Gopalchand Gupta, at a price of Rs 900 per share. The allotment, approved by the company’s board, will be subject to shareholder approval at an Extraordinary General Meeting scheduled for August 25, 2026. A valuation report from Corporate Professionals Valuation Services Private Limited set the share value at Rs 813.10. The move will not result in a change in control or management of the company, and the allottees have confirmed they will not sell or transfer the shares in the period leading up to the allotment. The company has also confirmed compliance with SEBI ICDR Regulations and that none of the directors or promoters are classified as willful defaulters, fraudulent borrowers, or fugitive economic offenders.
Kesar India Limited plans a preferential allotment of 8,65,876 shares to each of Executive Director Yash Gopal Gupta and Non-Executive, Non-Independent Director Sangeeta Gopalchand Gupta, at a price of Rs 900 per share. The allotment, approved by the company’s board, will be subject to shareholder approval at an Extraordinary General Meeting scheduled for August 25, 2026. A valuation report from Corporate Professionals Valuation Services Private Limited set the share value at Rs 813.10. The move will not result in a change in control or management of the company, and the allottees have confirmed they will not sell or transfer the shares in the period leading up to the allotment. The company has also confirmed compliance with SEBI ICDR Regulations and that none of the directors or promoters are classified as willful defaulters, fraudulent borrowers, or fugitive economic offenders.