Krishca Strapping Solutions allots warrants and shares to raise funds

Krishca Strapping Solutions Limited has raised ₹43.72 crore through the preferential allotment of warrants to promoters and equity shares to non-promoters. The Preferential Issue Committee of the Board of Directors approved the issuance on June 02, 2026, increasing the company's undiluted paid-up equity share capital to ₹15,92,77,500.

The committee approved the allotment of 10,30,044 Fully Convertible Warrants at an issue price of ₹233 per warrant. The total aggregate amount for the warrants stands at ₹24,00,00,252, payable upon receipt of 25% of the subscription amount from the allottees. These warrants were issued exclusively to the Promoter and Promoter Group category.

Warrant Allotment to Promoters

The preferential allotment of warrants was distributed between two promoters:

Sr. No.	Name of the Allottee	Category	Warrants Allotted
1.	L Balamanikandan	Promoter	5,15,022
2.	N Saraladevi	Promoter	5,15,022
Total			10,30,044

In addition to the warrants, the company allotted 10,37,750 Equity Shares with a face value of ₹10 each to the Non-Promoter category. These shares were issued at a price of ₹190 per share, aggregating to ₹19,71,72,500. The allotment was made to a diverse group of 42 investors, including individuals and entities such as Atul Vrajlal Lotia, Harshil Hitendra Sutaria, and SNPB Infrastructure Private Limited.

Equity Share Allotment to Non-Promoters

The equity shares were allotted to the following non-promoter investors:

Sr. No.	Name of the Allottee	Category	No. of Equity Shares Allotted
1.	Atul Vrajlal Lotia	Non-Promoter	13,000
2.	Harshil Hitendra Sutaria	Non-Promoter	13,000
3.	Nitik Agarwal HUF	Non-Promoter	10,500
4.	Afshan Amjat Khan	Non-Promoter	61,000
5.	Anil Pravinbhai Patel	Non-Promoter	15,500
6.	Ashok Devendra Goyal	Non-Promoter	30,500
7.	Deepesh Keshav Paradkar	Non-Promoter	10,000
8.	Kailash Kumar Mundhra	Non-Promoter	15,500
9.	Namishka Venture LLP	Non-Promoter	15,500
10.	Naranbhai patel	Non-Promoter	13,000
11.	Priti Milan Doshi	Non-Promoter	52,500
12.	Krshnavi Trendz	Non-Promoter	31,500
13.	Shelke Santosh Sheshrao	Non-Promoter	26,500
14.	Shefali Mahesh Agarwal	Non-Promoter	10,500
15.	Nitin Kumar Agarwal	Non-Promoter	15,500
16.	Agam Vijaybhai Vadecha	Non-Promoter	6,750
17.	Manasi Harshil Sutaria	Non-Promoter	26,500
18.	Lalit Kumar Agarwal	Non-Promoter	15,500
19.	Manju Kumar	Non-Promoter	29,500
20.	Swayam Kumar	Non-Promoter	14,500
21.	Saksham Kumar	Non-Promoter	14,500
22.	Preeti Saini	Non-Promoter	9,000
23.	Megha Harshadbhai Nathwani	Non-Promoter	11,000
24.	SNPB Infrastructure Private Limited	Non-Promoter	63,000
25.	Meena Devi	Non-Promoter	31,500
26.	Sarita Rahul Bansal	Non-Promoter	63,000
27.	Panoramic Education Private Limited	Non-Promoter	15,500
28.	Krijuna Wealth LLP	Non-Promoter	31,500
29.	Nareshkumar Mahasukhlal Mehta (HUF)	Non-Promoter	13,500
30.	Abhishek Ashok Jain	Non-Promoter	31,500
31.	Ketan Kirtikumar Shah	Non-Promoter	15,500
32.	Sandeep Jindal	Non-Promoter	15,500
33.	Sunil abar HUF	Non-Promoter	26,500
34.	Hemanth Thanmal HUF	Non-Promoter	26,500
35.	D Sunil Kumar	Non-Promoter	26,500
36.	D Rishab Singhvi	Non-Promoter	26,500
37.	Ninedot fortune Builders LLP	Non-Promoter	52,500
38.	Shrenik Raj V Mardia	Non-Promoter	39,500
39.	Namitha Lunawat	Non-Promoter	18,500
40.	Kusum R Hirani	Non-Promoter	26,500
41.	Pushpa Kumari	Non-Promoter	26,500
42.	Jayaram K Iyer	Non-Promoter	26,500
Total			10,37,750

Following the allotment, the company's paid-up equity share capital now comprises 1,59,27,750 Equity Shares of ₹10 each. The meeting of the Preferential Issue Committee commenced at 02:45 PM and concluded at 3:00 PM on June 02, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.45%	-0.42%	-4.73%	-4.91%	-34.48%	+16.88%

Krishca Strapping Solutions Limited's Preferential Issue Committee of the Board of Directors held a meeting on Wednesday, May 13, 2026, to formally note amendments to allottee details previously disclosed in regulatory filings. The update was communicated to the National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Reference Documents

The revisions pertain to two earlier regulatory disclosures made by the company. The Preferential Issue Committee's meeting on May 13, 2026, was convened specifically to address corrections arising from these prior intimations, ensuring accuracy in the company's regulatory records.

Reference Document	Date
Board Meeting Outcome	Friday, February 27, 2026
Extra-Ordinary General Meeting (EGM) Notice	Thursday, March 26, 2026

Key Amendments to Allottee Details

The committee noted the following specific changes to the information contained in the above-referenced documents:

Allottee Name Correction: In the Board Meeting Outcome, the allottee previously identified as "Nareshkumar Mahasukhlal Mehta" shall henceforth be read as "Nareshkumar Mahasukhlal Mehta (HUF)".
Ultimate Beneficial Owner — Krshnavi Trendz: As per the Explanatory Statement to the EGM Notice (para VIII), the ultimate beneficial owners of allottee Krshnavi Trendz are Isha Bhatia, Karan Ramesh Bhatia, Madhu Ramesh Bhatia, Rameshchand Girdharilal Bhatia, Ravi Ramesh Bhatia, and Ruchi Bhatia.
Ultimate Beneficial Owner — Nareshkumar Mahasukhlal Mehta (HUF): The ultimate beneficial owner of allottee Nareshkumar Mahasukhlal Mehta (HUF) is Mr. Nareshkumar Mahasukhlal Mehta.

Unchanged Particulars

The company confirmed that all other particulars and details contained in the Board Meeting Outcome dated February 27, 2026, and the EGM Notice dated March 26, 2026, remain the same and unchanged. The filing was signed by Diya Venkatesan, Company Secretary & Compliance Officer, from Chennai, on May 13, 2026.