Krishna Capital & Securities Limited has published newspaper advertisements in Lok Mitra (Vernacular Language) and Free Press (English daily) on April 02, 2026, formally announcing its Extra Ordinary General Meeting (EGM) scheduled for Saturday, April 25, 2026 at 11:30 AM through Video Conferencing/Other Audio Visual Means (VC/OAVM) facility.

EGM Publication and Regulatory Compliance

The company submitted formal intimation to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the newspaper publication of EGM notice and remote e-voting information. Managing Director Ashokkumar Agrawal (DIN 00944735) digitally signed the BSE intimation on April 02, 2026.

Authorized Share Capital Enhancement

The EGM will consider substantially increasing the company's authorized share capital structure:

This represents an expansion from Four Crores to Thirty-Four Crores, increasing total authorized equity shares from Forty Lakhs to Three Crores Forty Lakhs.

Preferential Share Allotment Details

The meeting will address the preferential allotment of 3,00,00,000 equity shares to five investors:

The relevant date for determining minimum issue price is Wednesday, March 25, 2026, being 30 days prior to the EGM date.

Executive Leadership Addition

The meeting will regularize the appointment of Mr. Vinodkumar Bhanwer Singh (DIN: 10454743) as Executive Director, effective from March 26, 2026:

Enhanced Borrowing Authorization

The company seeks approval for borrowing powers up to Rs. 500 Crores under Section 180(1)(C) of the Companies Act, 2013, enabling borrowing from banks, financial institutions, and other entities subject to applicable regulations.

E-Voting and Meeting Participation

Shareholders can participate through video conferencing with detailed login procedures provided for CDSL and NSDL demat account holders. Central Depository Services (India) Limited will handle e-voting services, with MCS Share Transfer Agent Limited serving as the registrar and transfer agent. Mr. Bipin L. Makwana has been appointed as Scrutinizer for the meeting proceedings.

The EGM notice and related documents are available on the company's website ( www.kscl.co.in ), CDSL's e-voting platform ( www.evotingindia.com ), and BSE's website ( www.bseindia.com ) for shareholder reference and compliance with regulatory transparency requirements.

Krishna Capital & Securities Limited faces a mandatory open offer following the board's comprehensive corporate restructuring plan. Acquirers Mr. Ashu Bishnoi and Mr. Yagnik Tank have announced an open offer for acquisition of up to 18,04,508 equity shares representing 5.44% of the emerging voting share capital at Rs. 20.00 per share, triggered by their acquisition of substantial shareholding and control.

Open Offer Details and Regulatory Compliance

The mandatory open offer is being made pursuant to Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011, following the execution of underlying transactions that resulted in the acquirers gaining control over Krishna Capital. Grow House Wealth Management Private Limited has been appointed as Manager to the Open Offer to ensure regulatory compliance and proper execution.

Underlying Transactions Triggering Open Offer

The open offer obligation arose from two key transactions approved by Krishna Capital's board on March 26, 2026. The Share Purchase Agreement enables the acquirers to purchase 13,53,892 equity shares (42.87% of pre-issue capital) from existing promoters at Rs. 20.00 per share, aggregating to Rs. 2.71 crore consideration.

Capital Structure and Emerging Voting Rights

The emerging voting share capital calculation incorporates both pre-existing shares and the proposed preferential issue. The pre-preferential issue capital stands at 31,58,400 shares (9.53% of emerging capital), while the preferential issue of 3,00,00,000 shares constitutes 90.47% of the total emerging voting capital of 3,31,58,400 shares.

Promoter Exit and Control Transfer

The transaction involves complete divestment by existing promoters, with 20 promoter entities selling their entire holdings totaling 13,53,892 shares. Major sellers include Krishna Sharebroking Services Private Limited (70,500 shares), Radius Global Private Limited (2,89,226 shares), and various members of the Agrawal family group. Upon completion, existing promoters will cease to be part of the promoter group and will be declassified in accordance with SEBI (LODR) Regulations.

Regulatory Timeline and Documentation

The Detailed Public Statement will be published by April 06, 2026, in national and regional newspapers as per SEBI requirements. The acquirers have confirmed adequate financial resources and firm arrangements for financing the open offer obligations. The offer maintains no minimum acceptance level and does not propose delisting of Krishna Capital's shares from BSE.

The comprehensive restructuring positions Krishna Capital for new ownership while ensuring full regulatory compliance and proper shareholder protection through the mandatory open offer process.