Kamdhenu Limited has successfully completed the conversion of its Rs 10 crore unsecured loan into equity shares of franchisee unit Maa Kudargarhi Steels Private Limited (MKSPL). Following the Loan and Investment Committee's approval on March 23, 2026, MKSPL has now allotted 20,000 equity shares to Kamdhenu Limited on March 24, 2026.

Transaction Completion Details

The loan-to-equity conversion has been finalized with MKSPL allotting the approved shares to Kamdhenu Limited:

The issue price was determined based on a valuation report issued by Mr. Nitin Goyal, Chartered Accountant and IBBI Registered Valuer. The transaction was completed on a private placement basis as originally planned.

About Maa Kudargarhi Steels Private Limited

MKSPL, incorporated on November 3, 2004, operates as a steel manufacturing company engaged in producing TMT bars and wire rods. The company operates from Raipur, Chhattisgarh, with significant production capabilities:

Financial Performance Track Record

MKSPL has demonstrated consistent growth in turnover over the past three financial years:

Strategic Partnership Background

The relationship between Kamdhenu and MKSPL extends beyond this transaction. The companies entered into a franchisee agreement in June 2020 for the use of the KAMDHENU trademark in TMT bar manufacturing. This agreement has been renewed multiple times, with the latest renewal in May 2023. In June 2025, the partnership expanded to include trademark usage for manufacturing binding wires under the KAMDHENU brand.

Regulatory Compliance

The transaction does not constitute a related party transaction, with no promoter or promoter group interest in MKSPL. No governmental or regulatory approvals were required for this conversion. The company emphasized that this represents a restructuring of existing financial exposure rather than fresh capital infusion, aligning with strategic investment objectives in franchisee units. The disclosure was made under Regulation 30 of SEBI Listing Regulations as required.

Kamdhenu Limited has published a newspaper advertisement regarding the opening of a special window for transfer and dematerialisation of physical securities. The announcement was made through newspaper advertisements published on March 24, 2026 in Financial Express (English) and Delhi-NCR edition of Jansatta (Hindi) under Regulation 30 and 47 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Special Window Details

The special window has been opened pursuant to SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/13750/2026 dated January 30, 2026. This facility provides eligible security holders with an extended opportunity to complete pending transfer processes.

Eligibility Criteria

The facility is available specifically for lodgement deeds that meet the following conditions:

• Transfer deeds executed prior to April 1, 2019
• Deeds that were not lodged for transfer, or
• Deeds that were lodged but rejected, returned, or not attended to due to document deficiencies or process issues

Process and Requirements

Eligible security holders must lodge their valid transfer deeds along with requisite documents including original security certificates with the company's Registrar and Transfer Agent. The appointed RTA is Kfin Technologies Limited, located at Selenium Building, Tower-B, Plot Nos. 31 & 32, Financial District Nanakramguda, Serilingampally Mandal, Hyderabad - 500032.

Important Conditions

Securities transferred through this special window will be mandatorily credited to the transferee only in dematerialised mode. These securities will remain under lock-in for one year from the date of registration of transfer. During the lock-in period, such securities cannot be transferred, lien marked, or pledged.

Company Communication

The advertisement was signed by Khem Chand, Company Secretary and Compliance Officer (FCS: 10065), dated March 23, 2026, from Gurugram. The company has requested stock exchanges NSE and BSE to take this information on record as per regulatory requirements.