Kalyan Capitals Limited , formerly known as Akashdeep Metal Industries Limited, has announced a significant investment decision. The company's Board of Directors has approved an investment of up to ₹2 crore in the Securocrop Bharat Amritkaal Fund, a SEBI-registered open-ended Category III Alternative Investment Fund (AIF).

Investment Details

• Investment Amount: Up to ₹2 crore
• Fund: Securocrop Bharat Amritkaal Fund
• Fund Type: SEBI-registered open-ended Category III AIF
• Investment Method: Cash consideration
• Unit Class: Class A1 units
• Unit Face Value: ₹100 each

The investment will be made through cash consideration for Class A1 units at a face value of ₹100 each. This move marks Kalyan Capitals' entry into the alternative investment space, potentially diversifying its investment portfolio.

About Securocrop Investment Trust

Securocrop Investment Trust, which manages the Securocrop Bharat Amritkaal Fund, is settled by Kalyan Capitals Limited (the Sponsor) and Securocrop Securities India Private Limited. It is registered with SEBI as a Category III Alternative Investment Fund, effective from December 2024.

The trust's primary objective is to carry out investment activities to achieve promoter-driven growth through an activist and top-down investment strategy.

Kalyan Capitals' Financial Position

To provide context for this investment decision, let's look at Kalyan Capitals' recent financial position based on their consolidated balance sheet data:

The company has shown significant growth in its asset base and investments over the past year. The approved ₹2 crore investment represents a relatively small portion of the company's total assets and investments, suggesting a measured approach to this new venture.

This investment decision by Kalyan Capitals Limited aligns with the company's apparent strategy of expanding its investment portfolio. It also indicates the company's interest in exploring opportunities in the alternative investment fund sector, which could potentially yield diversified returns for the company in the future.

Investors and market watchers will likely keep a close eye on how this investment performs and whether it signals a shift in Kalyan Capitals' overall investment strategy going forward.

Kalyan Capitals Limited has taken a significant step in restructuring its shareholding categories by applying to BSE Limited for the reclassification of eight individuals and entities from the Promoter Group category to the Public category.

Reclassification Details

The proposed reclassification involves a total of 272,098 shares, representing 0.41% of the company's total shareholding. This move aims to adjust the categorization of certain shareholders without altering the overall ownership structure of the company.

Entities Involved

The individuals and entities seeking reclassification include:

Previous Classification

Prior to this application, all eight entities were classified as Persons Acting in Concert under the Promoter Group category. This classification typically implies a group of shareholders who are presumed to be working together in their dealings with the company.

Implications of Reclassification

If approved, this reclassification would move these shareholders from the Promoter Group to the Public category. While the change does not affect the actual number of shares held by these individuals and entities, it may have implications for regulatory reporting and corporate governance structures within Kalyan Capitals Limited.

The reclassification request is subject to approval from BSE Limited and must comply with relevant SEBI regulations governing such changes in shareholder categories.

Investors and market participants will be watching closely for the outcome of this application, as it represents a shift in the company's shareholder classification structure, albeit a minor one in terms of the percentage of shares involved.