Kama Holdings Limited has completed the final tranche of a share subscription agreement with its wholly owned subsidiary, KAMA Realty (Delhi) Limited (KRDL), allotting 93,221 equity shares for an aggregate value of approximately ₹550 crore.

The transaction, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marks the full closure of the private placement initiated in September 2026. The shares were issued at a face value of ₹10 each with a premium of ₹58,990 per share.

Transaction details

The allotment was executed on September 24, 2026. This move follows the execution of the Share Subscription Agreement between the parent company and KRDL. The completion of this final tranche signifies that the entire subscription envisaged under the agreement is now closed.

Ownership structure unchanged

The company clarified that the allotment did not result in any change in control, management, or ultimate beneficial ownership of KRDL. The subsidiary continues to remain wholly owned by Kama Holdings. The disclosure was signed by Ekta Maheshwari, Whole-time Director, CFO & Company Secretary of Kama Holdings.

Kama Holdings Limited has approved a ₹690.30 crore capital infusion into its wholly owned subsidiary, KAMA Realty (Delhi) Limited (KRDL). The Board of Directors sanctioned the subscription to 1,17,000 equity shares on September 9, 2026.

The investment aims to strengthen the subsidiary's capital structure and facilitate business growth in real estate investments. Kama Holdings will maintain 100% ownership and control over KRDL post-transaction.

Transaction Details

The share subscription agreement involves a cash consideration of ₹59,000 per equity share. The total cost aggregates to ₹690.30 crore. The transaction is classified as a related party transaction under SEBI regulations but is being executed on an arm's length basis.

A valuation report dated September 8, 2026, issued by Registered Valuer Mr. Arunesh Kumar Dubey, determined the subscription price. The company plans to complete the acquisition on or before September 30, 2026.

Subsidiary Financials

KRDL, incorporated in March 2007, operates in the real estate investment sector. Its authorized share capital stands at ₹2 crore, with paid-up capital of ₹6.2 lakh.

What the Numbers Show

The subsidiary’s total income saw significant volatility over the three-year period. Revenue surged from ₹836.23 lakh in FY24 to ₹2,776.12 lakh in FY25, representing a sharp expansion. However, income contracted to ₹1,430.99 lakh in FY26, falling below the FY24 level despite the recent high. This divergence highlights variable revenue generation patterns within the real estate investment portfolio prior to this major capital injection.