Khadim India Limited allotted 10,22,727 fully convertible equity share warrants at an offer price of ₹110 each on September 25, 2026. The allotment follows the receipt of 25% of the total consideration from the allottees.

The Board of Directors approved the allotment through a resolution passed via circulation. This action is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issue was previously approved by shareholders in an Extra-ordinary General Meeting held on August 1, 2026.

In-principle approval for the issue was granted by both the National Stock Exchange of India Limited and BSE Limited through letters dated September 11, 2026. The warrants are issued under the preferential issue route in accordance with the Companies Act, 2013 and SEBI ICDR Regulations, 2018.

Allotment Structure and Pricing

Each warrant is convertible into one fully paid-up equity share with a face value of ₹10. The total issue size aggregates to ₹11,24,99,970. Investors paid 25% of the warrant price at the time of allotment, with the remaining 75% payable upon exercise of conversion rights.

The tenure of the warrants does not exceed 18 months from the date of allotment. Warrants not exercised within this period will lapse, and the amount paid by holders will be forfeited by the company.

Investor Participation

The allotment includes participation from the promoter group and several non-promoter investors. Mr. Siddhartha Roy Burman, a promoter, received the largest single allotment. The table below details the key allottees and their post-conversion equity holding percentages.

What the Numbers Show

The promoter's stake is set to increase from 8.89% to 9.59% upon full conversion of the warrants. This indicates a strengthening of promoter confidence relative to the dilution caused by new public shareholders. The non-promoter allottees are largely new entrants, with most having zero pre-issue equity holdings, suggesting fresh capital infusion from external sources.

Khadim India Limited concluded its 45th Annual General Meeting on September 24, 2026, with shareholders approving all five proposed resolutions through remote e-voting and e-voting at the AGM, each passing with over 99.99% of valid votes in favour.

The meeting was held via video conferencing at 11:30 am IST and concluded at 12:40 pm IST, with 128 members attending and 17 speakers raising queries. Mr. Siddhartha Roy Burman, Executive Chairman, chaired the session, highlighting key business themes including retail expansion and operational efficiency. The Board of Directors confirmed that the statutory auditors' reports contained no qualifications or adverse comments. Remote e-voting was open from September 21 to September 23, 2026, with a cut-off date of September 17, 2026. Votes were unblocked on September 24, 2026 around 12:58 pm IST after AGM completion, in the presence of two independent witnesses.

Resolutions passed

Shareholders voted on both ordinary and special business items through the e-voting platform provided by NSDL (EVEN: 141658). The consolidated scrutinizer's report, prepared by Mr. Atul Kumar Labh of M/s. A. K. Labh & Co., Company Secretaries, Kolkata, confirmed all resolutions were passed with the requisite majority.

Detailed voting results

The scrutinizer's report provides a resolution-wise breakdown of votes cast in favour and against, with zero invalid votes recorded across all five resolutions. The data reveals that promoters and promoter group held 11,006,907 shares, representing 60.35% of the total outstanding shares of 18,378,382. Promoters voted in favour of all resolutions with 100% support. Public institutions held 79,900 shares, while public non-institutions held 7,291,575 shares.

Resolution 1: Adoption of financial statements

Resolution 2: Re-appointment of Mr. Ritoban Roy Burman

Resolution 3: Re-appointment of M/s. Ray & Ray as statutory auditors

Resolution 4: Continuation of Prof. (Dr.) Surabhi Banerjee as Independent Director

Resolution 5: Alteration of Articles of Association

Governance and compliance

The e-voting process was conducted in compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. M/s. Ray & Ray, Chartered Accountants, were re-appointed for a second term of five consecutive years. Mr. Ritoban Roy Burman was re-appointed following his retirement by rotation. Prof. (Dr.) Surabhi Banerjee's continuation as an Independent Director and alterations to the Articles of Association were approved as special resolutions. The scrutinizer's report was received by Abhijit Dan, Group Company Secretary and Head of Legal.