Kati Patang Lifestyle Limited has announced an independent directors meeting scheduled for March 31, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulation 29. The company formally notified The Stock Exchange Mumbai about this meeting through an official communication dated March 23, 2026.

Meeting Details

The independent directors meeting will be held at the company's corporate office, providing a structured platform for governance review and assessment. The company trades on BSE under scrip code 531126.

Meeting Agenda

The independent directors will address several critical governance and performance evaluation matters during their session. The comprehensive agenda focuses on board effectiveness and corporate governance standards.

Regulatory Compliance

The meeting demonstrates Kati Patang Lifestyle Limited's commitment to maintaining robust corporate governance standards. The session aligns with SEBI's regulatory requirements for independent director meetings, ensuring proper oversight and evaluation mechanisms are in place.

Company Secretary Sanjeev K Jha (FCS: 8690) signed the official notification with digital signature on March 23, 2026, confirming the company's adherence to disclosure requirements and regulatory protocols established under the listing obligations framework.

Kati Patang Lifestyle Limited has issued a formal notice for an Extraordinary General Meeting scheduled for April 6, 2026, at 3:00 PM through Video Conferencing to seek shareholder approval for strategic acquisitions worth ₹4.43 crore. The company's Board of Directors had previously approved significant share swap arrangements during their meeting held on March 12, 2026.

EGM Details and Voting Process

The EGM will address two major share swap transactions involving the acquisition of 100% stake in Agnetta International Private Limited and the remaining 2% stake in Empyrean Spirits Private Limited. Remote e-voting will commence on April 3, 2026, at 9:00 AM and conclude on April 5, 2026, at 5:00 PM. The record date for determining voting eligibility has been set as March 30, 2026.

Share Swap Transaction Details

The preferential issue involves up to 18.46 lakh equity shares at ₹24 each to facilitate both acquisitions. The first transaction targets complete ownership of Agnetta International Private Limited, while the second aims to make Empyrean Spirits Private Limited a wholly-owned subsidiary.

Allottee Distribution and Shareholding Impact

The preferential issue will be made to nine non-promoter investors across both transactions. Post-issue, these allottees will collectively hold 4.27% of the company's share capital on a non-diluted basis and 3.45% on a fully diluted basis.

Regulatory Compliance and Valuation

The issue price of ₹24 per share has been determined in accordance with SEBI ICDR Regulations, 2018, representing a premium to the minimum floor price of ₹23.99. The valuation for the share swap arrangement has been conducted by registered valuer Mr. Subodh Kumar, with the valuation report dated March 3, 2026.

The company has appointed Mr. Saket Billa, Practicing Company Secretary, as the Scrutinizer for the voting process. Post-allotment, the company's fully paid-up share capital will comprise 4.32 crore equity shares of ₹10 each. The shares issued will be subject to lock-in provisions as per SEBI regulations and will rank pari-passu with existing equity shares.