Kalyani Cast-Tech Limited has allotted 323,123 convertible equity warrants on a preferential basis at an issue price of ₹582 per warrant. The total aggregate amount for the issuance stands at ₹18.81 crore.

The Board of Directors approved the allotment during its meeting held on September 23, 2026. This action follows the requisite subscription money receipt and prior approvals from the members at the Extra-ordinary General Meeting held on July 28, 2026, as well as in-principle approval from BSE Limited dated September 9, 2026.

Subscription and Conversion Terms

The company received 25% of the issue price as upfront subscription money, amounting to ₹4.70 crore, in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Each warrant is convertible into one fully paid-up equity share with a face value of ₹10. The balance 75% consideration must be paid to exercise the conversion right.

The warrants may be exercised in one or more tranches within 18 months from the date of allotment. Upon allotment, there is no immediate change in the paid-up equity share capital, as the warrants do not constitute equity shares until converted.

Allottee Details

The warrants were issued to seven investors, comprising six promoter group members and one non-promoter. The table below details the allocation:

What the Numbers Show

The issuance is heavily concentrated among promoter group entities, which account for six out of seven allottees and the vast majority of the subscribed capital. Only Ms. Gayatri, a non-promoter, participated in the issue, receiving 2,500 warrants compared to the promoter group's combined total of 320,623 warrants. This structure indicates a strong insider commitment to the capital infusion rather than broad external participation.

Kalyani Cast Tech inaugurated its Gati Shakti Cargo Terminal at Shivlakha Village, Kutch, Gujarat, on September 14, 2026. The event marked the launch of rail-linked logistics infrastructure aimed at enhancing containerized and bulk cargo handling capabilities.

The ceremony also featured the flagging off of a Bulk Salt Train and the laying of the foundation stone for a proposed Inland Container Depot (ICD). These initiatives represent significant milestones in the company's development of integrated logistics infrastructure.

Event Details

The inauguration was graced by Shri Ashwini Vaishnaw, Hon'ble Minister for Railways, Government of India, through video conference. The event took place at 2:00 pm at the company's facility in Bhachau Taluka.

Strategic Implications

These infrastructure developments are designed to strengthen the company's capabilities in transportation and cargo handling. The integration of rail connectivity aligns with broader national logistics initiatives, potentially improving supply chain efficiency for bulk commodities like salt.

Shareholders, investors, customers, suppliers, and other stakeholders were invited to attend the event. The company cited these projects as key steps toward strengthening its operational footprint in western India.