Kamdhenu Limited Submits Q4FY26 Compliance Certificate to Stock Exchanges

Kamdhenu Limited has filed its quarterly compliance certificate with the National Stock Exchange of India and BSE Limited for the quarter ended 31st March, 2026. The submission, dated 7th April, 2026, fulfills the company's regulatory obligations under SEBI depositories regulations.

Regulatory Compliance Certificate

The certificate was issued by KFin Technologies Limited, serving as the company's Registrars & Share Transfer Agent. The document confirms compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the period from 1st January, 2026 to 31st March, 2026.

Parameter:	Details
Reporting Period:	1st January, 2026 to 31st March, 2026
Regulation:	SEBI (Depositories and Participants) Regulations, 2018
Registrar:	KFin Technologies Limited
Filing Date:	7th April, 2026

Compliance Activities Confirmed

KFin Technologies Limited confirmed that during the reporting quarter, the company maintained proper compliance with depositories regulations. The registrar verified that all dematerialization requests were processed within the stipulated 15-day timeframe from receipt of certificates from depository participants.

The compliance activities included:

Confirmation of demat requests through approval or rejection processes
Verification that securities in certificates were listed on appropriate stock exchanges
Proper mutilation and cancellation of security certificates after verification
Substitution of depository names in the register of members for approved demat requests

Corporate Governance

The submission was signed by Khem Chand, Company Secretary & Compliance Officer, demonstrating the company's commitment to maintaining proper corporate governance standards. The certificate from KFin Technologies was signed by D Suresh Babu, Sr. Manager, confirming the registrar's oversight of the compliance processes.

This quarterly filing represents part of Kamdhenu Limited's ongoing regulatory compliance framework, ensuring adherence to SEBI guidelines for depositories and participant regulations throughout the financial year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.30%	+13.36%	-4.27%	-23.77%	-21.63%	+34.13%

Kamdhenu Limited has successfully completed the conversion of warrants into equity shares of group company Kamdhenu Ventures Limited (KVL), following the payment of Rs 7,46,89,500 towards the transaction. The company has now received confirmation that KVL's Preferential Issue Committee allotted 1,46,45,000 equity shares on 30th March, 2026, completing this strategic investment in the paint and coatings business segment.

Warrant Conversion Transaction Details

The payment constitutes 75% of the total amount required for converting 1,46,45,000 warrants into equity shares of KVL. The company had previously paid Rs 2,48,96,500, representing 25% of the total cost, at the time of warrant allotment.

Transaction Component:	Amount (Rs)
Total Acquisition Cost:	9,95,86,000
Initial Payment (25%):	2,48,96,500
Current Payment (75%):	7,46,89,500
Warrants Converted:	1,46,45,000
Issue Price per Warrant:	6.80
Face Value per Share:	1.00

Allotment Completion and Regulatory Compliance

As per the latest disclosure under Regulation 30 of SEBI Listing Regulations, KVL's Preferential Issue Committee has completed the allotment of 1,46,45,000 equity shares with face value of Re. 1 each. The transaction was executed in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Details:	Information
Allotment Date:	30th March, 2026
Face Value per Share:	Re. 1.00
Total Shares Allotted:	1,46,45,000
Post-Allotment Holding:	4.45% of paid-up capital

Strategic Investment in Paint Business

This investment enables Kamdhenu Limited to participate in the future growth of the paint and coatings business within the Kamdhenu Group. KVL operates its paint business through its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL), as the parent company does not have standalone operational business.

The funds raised by KVL through this warrant issue will be invested in KCCL for business expansion and launch of new product lines. Post-allotment of the equity shares, Kamdhenu Limited's total holding in KVL represents 4.45% of the post-issue paid-up capital.

KVL Financial Performance Overview

Kamdhenu Ventures Limited, incorporated on 19th October 2019 and listed on both NSE and BSE, shows strong consolidated performance despite minimal standalone operations.

Parameter:	Standalone	Consolidated
Authorised Capital:	Rs 3,650.00 Lakhs	-
Paid Up Capital:	Rs 3,143.55 Lakhs	-
Turnover:	Nil	Rs 26,610.48 Lakhs
EBITDA:	Rs (63.21) Lakhs	Rs 1,682.16 Lakhs

Transaction Structure and Compliance

The transaction qualifies as a related party transaction since both companies are part of the same promoter group. However, since the equity shares are being issued on a preferential basis in accordance with SEBI regulations, the transaction is considered to be at arm's length.

Compliance Aspect:	Status
Consideration Type:	Cash consideration
Regulatory Approvals:	Not required
Shareholder Approval:	Not required
Transaction Classification:	Related party (arm's length)

The Board considers this investment favorable given the issue price of Rs 6.80 per warrant relative to KVL's prevailing market price and historical trading levels. The investment is expected to provide potential capital appreciation and long-term value while aligning with the group's growth strategy in the paint and coatings sector.