Kanoria Chemicals & Industries Limited has completed regulatory filings following the allotment of Non-Convertible Redeemable Preference Shares worth Rs 49.50 crore to its promoter group entity. The company submitted mandatory disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015 on 22nd April 2026.

Regulatory Disclosure Filing

The board of directors had approved the allotment of 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS) during their meeting held on 18th April 2026. Following the allotment, the company filed the required disclosure with stock exchanges as per Regulation 7(2) of SEBI insider trading regulations.

Preference Share Allotment Details

The company has provided comprehensive details of the preference share issuance:

Promoter Group Holdings Update

R. V. Investment and Dealers Limited, classified as part of the promoter group, received the entire allotment of unlisted preference shares. The entity maintains its existing equity shareholding of 32,10,120 shares representing 7.35% of the company's listed equity shares. Post-allotment, R. V. Investment holds 100% of the unlisted Non-Convertible Preference Shares.

Compliance and Documentation

The allotment was conducted in accordance with SEBI regulations, with proper documentation submitted to both NSE and BSE. R. V. Investment and Dealers Limited filed Form C under the insider trading regulations on 21st April 2026, acknowledging receipt of the preference shares. The company secretary Pratibha Jaiswal signed the regulatory disclosure on behalf of Kanoria Chemicals & Industries Limited.

The preference shares are structured as unlisted securities with a 7% dividend rate and redemption provisions. This capital raising exercise strengthens the company's financial position through the infusion of Rs 49.50 crore from its promoter group entity.

Kanoria chemicals & industries Limited has announced the approval of its Letter of Offer for Non-Convertible Redeemable Preference Shares following a board meeting held on April 13, 2026. The decision represents a significant step forward in the company's capital raising initiative that had previously received shareholder approval.

Board Meeting Details

The Board of Directors convened on April 13, 2026, to formally approve the Letter of Offer (PAS-4) for Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS). The meeting was efficiently conducted, with proceedings lasting just 20 minutes.

Preference Shares Structure

The approved preference shares carry specific characteristics that define their nature and investor rights. The NCRPS structure includes multiple features that distinguish these securities from ordinary equity shares.

Key features of the approved preference shares include:

• Non-Convertible: Cannot be converted into equity shares
• Non-Cumulative: Dividend rights do not accumulate if unpaid
• Non-Participating: Limited to fixed dividend without participation in surplus profits
• Redeemable: Can be bought back by the company at specified terms

Regulatory Compliance

The Letter of Offer approval follows the company's adherence to regulatory procedures, with the NCRPS having received prior approval from shareholders. The Extra-Ordinary General Meeting held on April 1, 2026, had previously sanctioned this preference shares initiative, demonstrating proper corporate governance protocols.

The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about the board meeting outcome. This ensures transparency and compliance with listing requirements for the capital market initiative.