Kati Patang Lifestyle Limited has issued a formal notice for an Extraordinary General Meeting scheduled for April 6, 2026, at 3:00 PM through Video Conferencing to seek shareholder approval for strategic acquisitions worth ₹4.43 crore. The company's Board of Directors had previously approved significant share swap arrangements during their meeting held on March 12, 2026.

EGM Details and Voting Process

The EGM will address two major share swap transactions involving the acquisition of 100% stake in Agnetta International Private Limited and the remaining 2% stake in Empyrean Spirits Private Limited. Remote e-voting will commence on April 3, 2026, at 9:00 AM and conclude on April 5, 2026, at 5:00 PM. The record date for determining voting eligibility has been set as March 30, 2026.

Share Swap Transaction Details

The preferential issue involves up to 18.46 lakh equity shares at ₹24 each to facilitate both acquisitions. The first transaction targets complete ownership of Agnetta International Private Limited, while the second aims to make Empyrean Spirits Private Limited a wholly-owned subsidiary.

Allottee Distribution and Shareholding Impact

The preferential issue will be made to nine non-promoter investors across both transactions. Post-issue, these allottees will collectively hold 4.27% of the company's share capital on a non-diluted basis and 3.45% on a fully diluted basis.

Regulatory Compliance and Valuation

The issue price of ₹24 per share has been determined in accordance with SEBI ICDR Regulations, 2018, representing a premium to the minimum floor price of ₹23.99. The valuation for the share swap arrangement has been conducted by registered valuer Mr. Subodh Kumar, with the valuation report dated March 3, 2026.

The company has appointed Mr. Saket Billa, Practicing Company Secretary, as the Scrutinizer for the voting process. Post-allotment, the company's fully paid-up share capital will comprise 4.32 crore equity shares of ₹10 each. The shares issued will be subject to lock-in provisions as per SEBI regulations and will rank pari-passu with existing equity shares.

Kati Patang Lifestyle Limited has received a disclosure under SEBI Takeover Regulations from Shantanu Upadhyay and his Person Acting in Concert (PAC) Lata Upadhyay regarding substantial acquisition of shares through warrant conversion. The transaction was completed on February 21, 2026, with the formal disclosure submitted to BSE Limited on February 25, 2026.

Acquisition Details

The acquisition involved conversion of warrants into fully paid equity shares, resulting in allotment of 12,25,000 shares. The shares were distributed between Shantanu Upadhyay and his PAC as detailed in the regulatory filing.

Shareholding Pattern Changes

The warrant conversion has altered the shareholding pattern of both acquirers in Kati Patang Lifestyle Limited. The combined holding of Shantanu Upadhyay and his PAC has increased from 10.29% to 11.58%.

Before Acquisition:

After Acquisition:

Company Capital Structure

The equity share capital of Kati Patang Lifestyle Limited remains unchanged at Rs. 41,33,32,800 following the warrant conversion. The capital structure comprises 4,13,33,280 fully paid-up equity shares of face value Rs. 10 each and 1,02,56,651 partly paid-up equity shares of paid value Rs. 5 each.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers confirmed they do not belong to the promoter or promoter group of the company. Kati Patang Lifestyle Limited shares are listed on BSE Limited.