Khadim India confirms FCEW price re-computation clause after EGM approval

Khadim India Limited has confirmed to stock exchanges that it will re-compute the issue price of its preferential issue of Fully Convertible Equity Share Warrants (FCEWs) in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. This disclosure follows the overwhelming approval by shareholders at the Extraordinary General Meeting (EGM) held on August 1, 2026, which authorized the issuance of 10,22,727 warrants worth ₹11.25 crore. The company explicitly stated that if any differential amount payable due to this re-computation is not paid within the timeframe stipulated by the ICDR Regulations, the allotted warrants will remain locked-in until the payment is made.

The filing, submitted on August 5, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, serves as a formal confirmation of the terms agreed upon during the capital raise process. Group Company Secretary & Head – Legal Abhijit Dan signed the intimation letter sent to both the National Stock Exchange of India Limited (NSE) and BSE Limited. This procedural step ensures transparency regarding the financial obligations attached to the newly approved securities, particularly concerning potential adjustments to the initial issue price.

Voting Results and Shareholder Mandate

The special resolutions for the FCEW issue and the appointment of Sekhar Bhattacharjee as an Independent Director passed with support exceeding 99.99%. The consolidated Scrutinizer’s Report, issued by Atul Kumar Labh of A. K. Labh & Co., validated the voting process. Promoter and Promoter Group shareholders, holding 11,006,907 shares, voted unanimously in favor. Dissenting votes were minimal, originating primarily from public non-institutional investors.

Resolution	Votes In Favor	Votes Against	Support %
FCEW Issue	1,10,88,337	333	99.9970%
Director Appointment	1,10,88,331	339	99.9969%

One vote totaling 10,000 shares from the Public Institutions category was declared invalid for each resolution. The remote e-voting period ran from July 29, 2026, to July 31, 2026, with a cut-off date of July 25, 2026.

Issue Details and Utilization

The approved FCEW issue involves warrants priced at ₹110 each, convertible into one fully paid-up equity share with a face value of ₹10. The aggregate amount raised is capped at ₹11,24,99,970. An independent valuation report by Mr. Vikram Kumar Singh confirmed that the offer price exceeds the price determined under the ICDR Regulations, with July 2, 2026, as the relevant date for determining the issue price. Proceeds will be allocated as follows:

₹1.75 crore for working capital requirements
₹3.5 crore for long-term financial needs related to business expansion
₹6 crore for the purchase of land or property for warehouse construction

Promoter Siddhartha Roy Burman intends to subscribe to 2,27,273 warrants. Other non-promoter allottees include Ms. Aarya Ketan Kotecha, Mr. Aniket Vijay Latkar, and Gold Circle Venture Partners LLP. Post-issue, promoter holding is expected to remain stable at approximately 57.91%, assuming full conversion of warrants within 18 months from allotment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.96%	+5.30%	-1.25%	-34.14%	-60.18%	-53.28%

Khadim India Limited has scheduled an Extraordinary General Meeting (EGM) on August 01, 2026, via Video Conferencing to seek shareholder approval for the preferential allotment of 10,68,182 fully convertible equity share warrants. The warrants will be issued at an exercise price of ₹110 per share, including a premium of ₹100, aggregating to ₹11.75 Cr. The proceeds are intended to bolster working capital and fund long-term financial requirements for expansion, including the purchase of land for warehouse construction.

Warrant Allocation and Pricing

The board has approved the issuance of warrants to promoter Mr. Siddhartha Roy Burman and several non-promoter entities. The issue price comprises a warrant subscription price and an exercise price, with 25% of the total issue size payable upfront. The balance 75% is due upon the conversion of warrants into equity shares within 18 months from the date of allotment.

Category	Name	Maximum Warrants Offered
Promoter	Mr. Siddhartha Roy Burman	2,27,273
Non-Promoter	Ms. Aarya Ketan Kotecha	90,909
Non-Promoter	Mr. Aniket Vijay Latkar	90,909
Non-Promoter	Ms. Ashwini Sunil Chavan	72,727
Non-Promoter	Ms. Cherry A Mehta	90,909
Non-Promoter	Gold Circle Venture Partners LLP	90,909
Non-Promoter	Mr. Krishnam Chirimar	90,909
Non-Promoter	Mr. Lalit Agrawal	90,909
Non-Promoter	Ms. Palak Sanjay Agarwal	45,455
Non-Promoter	Mr. Pratham Prasoon	90,909
Non-Promoter	Siddharth Harshad Parikh (HUF)	68,182
Non-Promoter	Ms. Vedika Bharat Shinde	18,182
Total		10,68,182

Governance and Regulatory Approvals

The preferential issue is governed by Section 42 and Section 62(1)(c) of the Companies Act, 2013, and relevant SEBI (ICDR) Regulations. The board has also approved the appointment of Mr. Sekhar Bhattacharjee as an Additional Director designated as an Independent Director, effective July 02, 2026, subject to shareholder approval. Mr. Bhattacharjee’s appointment is for an initial term of five years ending July 01, 2031.

Shareholder Meeting Details

The record date for determining shareholder eligibility for e-voting is July 25, 2026. Remote e-voting will be open from July 29, 2026, at 9:00 a.m. to July 31, 2026, at 5:00 p.m. Members attending the meeting through VC/OAVM shall be counted for the purposes of reckoning the quorum under Section 103 of the Act. The notice convening the EGM will be sent only by electronic mode to members whose email addresses are registered with the company or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited.