Kamdhenu Ventures Limited has successfully completed the allotment of 1,46,45,000 equity shares upon conversion of warrants, marking a significant capital expansion for the company. The Preferential Issue Committee of the Board of Directors approved this conversion on March 30, 2026, following the receipt of the requisite conversion amount from the warrant holder.

Warrant Conversion Details

The conversion involved 1,46,45,000 warrants being exercised by Kamdhenu Limited at an issue price of Rs. 6.80 per share, including a premium of Rs. 5.80 per share. The company received Rs. 7,46,89,500, representing 75% of the total amount payable on conversion as per the warrant terms.

Capital Structure Impact

Following this allotment, Kamdhenu Ventures' paid-up equity share capital has increased substantially. The newly allotted equity shares rank pari-passu with existing equity shares from the date of allotment.

Shareholding Pattern

Kamdhenu Limited, the sole allottee in this conversion, has acquired a 4.45% stake in Kamdhenu Ventures Limited. Prior to this allotment, Kamdhenu Limited held no equity shares in the company.

Outstanding Warrants

The original warrant allotment comprised 2,96,45,000 warrants issued on March 20, 2026, with an 18-month conversion period. Following this partial conversion, 1,50,00,000 warrants remain outstanding and available for conversion. The company had initially allotted these warrants at Rs. 6.80 each to Kamdhenu Limited under the preferential issue framework.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular guidelines. The Preferential Issue Committee meeting was held from 2:30 PM to 3:00 PM IST on March 30, 2026, with Managing Director Saurabh Agarwal overseeing the proceedings. The company has duly informed both NSE and BSE about this corporate action, maintaining full regulatory compliance throughout the process.

Kamdhenu Ventures Limited has announced the comprehensive e-voting results and scrutinizer report for its Extra-Ordinary General Meeting held on March 13, 2026. The meeting, conducted through video conferencing from 11:30 AM to 12:13 PM IST, witnessed overwhelming shareholder support for both proposed resolutions with 74 members in attendance.

Meeting Overview and Leadership

The EGM addressed critical corporate governance matters with Shri Sachin Agarwal serving as Chairman after being unanimously elected due to potential network connectivity issues faced by the initial Chairman, Shri Sunil Kumar Agarwal. The meeting was conducted in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars.

E-voting Process and Technology

KFin Technologies Limited provided the virtual platform for both remote e-voting and the meeting itself. The remote e-voting period commenced on March 10, 2026, at 09:00 AM IST and concluded on March 12, 2026, at 05:00 PM IST. Members who had not participated in remote e-voting were provided the opportunity to vote through Instapoll during the meeting.

Shashikant Tiwari, Partner of Chandrasekaran Associates, Company Secretaries, served as the appointed Scrutinizer to supervise the entire e-voting process. The scrutinizer report was issued on March 13, 2026, confirming the validity and accuracy of the voting process.

Resolution Results and Shareholder Approval

Both resolutions presented at the EGM received overwhelming support from shareholders, demonstrating strong confidence in the company's strategic direction.

Resolution 1: Share Capital Increase (Ordinary Resolution)

Resolution 2: Warrant Issuance (Special Resolution)

Regulatory Compliance and Transparency

The company demonstrated strong commitment to regulatory compliance and transparency by promptly submitting the voting results to both BSE Limited and National Stock Exchange of India Limited. The results were also made available on the company's website ( www.kamdhenupaints.com ), KFintech's e-voting portal, and stock exchange websites.

Managing Director Saurabh Agarwal digitally signed and submitted the comprehensive report, including the scrutinizer's detailed findings, ensuring full compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The voting process recorded zero invalid votes across all categories, reflecting the effectiveness of the electronic voting system and clear communication to shareholders.