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.

Kanoria Chemicals & Industries Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories & Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the compliance certificate dated April 8, 2026, to both the National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing pertains to securities received for dematerialization during the quarter ended March 31, 2026.

Depositories Communication

Kanoria Chemicals sent intimations to both National Securities Depositories Limited (NSDL) and Central Depository Services (India) Limited (CDSL) regarding the dematerialization process. The company confirmed that:

• Securities comprised in respective certificates have been listed on stock exchanges where earlier issued securities are listed
• Certificates have been mutilated and cancelled after due verification
• Names of depositories have been substituted in company records as registered owners within 15 days of receipt

Registrar Confirmation

C B Management Services (P) Limited, serving as the company's Registrar & Share Transfer Agent, provided a confirmation certificate dated April 3, 2026. The registrar confirmed that securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories.

The registrar also confirmed that security certificates received for dematerialization were mutilated and cancelled after due verification, with depositories' names substituted in the register of members as registered owners within the prescribed timeframe.

Corporate Information

Kanoria Chemicals & Industries Limited operates from its registered office at KCI Plaza, 6th Floor, 23C Ashutosh Chowdhury Avenue, Kolkata-700019. The company maintains its corporate identification number as L24110WB1960PLC024910 and can be reached through its website www.kanoriachem.com .