Kontor Space revises EGM notice for preferential issue disclosures
Kontor Space Limited released a corrigendum to its June 18, 2026, EGM notice to address NSE observations regarding a preferential issue. The update revises the shareholding pattern and adds UBO details for Arron Insurance Brokers Private Limited. The EGM is set for July 10, 2026.

*this image is generated using AI for illustrative purposes only.
Kontor Space Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice dated June 18, 2026, to incorporate clarifications and additional disclosures regarding the proposed preferential issue of equity shares. The revision follows observations received from the National Stock Exchange of India Limited (NSE) via a letter bearing reference NSE/LIST/55849 dated June 25, 2026. The EGM is scheduled to be held on July 10, 2026, at 01:00 P.M. IST through Video Conferencing.
The company stated that the shareholding pattern annexed to the original explanatory statement was based on data as of March 31, 2026. Due to minor changes in the shareholding pattern between that date and the dispatch of the notice, a revised table has been substituted in the explanatory statement. The total number of equity shares post-preferential issue is expected to be 9,180,000.
Additionally, the company disclosed the details of the Ultimate Beneficial Owner (UBO) for proposed allottee Arron Insurance Brokers Private Limited, which were inadvertently omitted from the original notice. The corrigendum also updates the list of proposed allottees and the percentage of post-preferential issue capital they will hold.
Shareholding Pattern
The revised shareholding pattern indicates that promoters' holding will decrease to 51.59% from 65.06% post-issue, while non-promoters' holding will increase to 48.41% from 34.94%. The total number of shares will rise from 6,180,000 to 9,180,000.
| Category of Shareholder | Pre-preferential Issue | Post-preferential Issue | ||
|---|---|---|---|---|
| No. of Shares | % | No. of Shares | % | |
| Promoters holding | 40,20,589 | 65.06 | 47,35,589 | 51.59 |
| Non-Promoters holding | 21,59,411 | 34.94 | 44,44,411 | 48.41 |
| GRAND TOTAL | 61,80,000 | 100 | 91,80,000 | 100 |
Proposed Allottees
The preferential issue includes warrants and equity shares to be allotted to promoters and non-promoters. Kanak Mangal, a promoter, is set to receive 715,000 warrants, representing 51.56% of the post-issue capital on a fully diluted basis.
| Name of the Proposed Allottee | Category | No. of Securities to be Allotted | Post Issue % of Capital |
|---|---|---|---|
| Kanak Mangal | Promoter | 715,000 Warrant | 51.56 |
| M /s. Trisha Venture LLP | Non Promoter | 500,000 Warrant | 5.45 |
| Mrs. Aruna Chanchal Singh Rajora | Non Promoter | 100,000 Warrant | 1.09 |
| Satyen J Mamtara | Non Promoter | 675,000 Equity Shares | 7.35 |
| Arron Insurance Brokers Private Limited | Non Promoter | 675,000 Equity Shares | 7.35 |
| Savas Engineering Company Private limited | Non Promoter | 335,000 Equity Shares | 3.65 |
All other terms, contents, and resolutions contained in the original EGM notice remain unchanged. The corrigendum is available on the company's website and the NSE website.
Historical Stock Returns for Kontor Space
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +11.90% | +12.87% | +9.91% | -2.19% | -17.53% | -44.00% |
How will the significant dilution of promoter holding from 65.06% to 51.59% impact the company's governance structure and strategic decision-making?
What is the rationale behind allocating 51.56% of the fully diluted post-issue capital to a single promoter, Kanak Mangal?
How does the company intend to utilize the capital raised from this preferential issue to drive future growth?


























