Kesar , a prominent player in the real estate sector, has successfully raised Rs. 273.70 crore through a strategic preferential allotment of warrants and equity shares. The company's Preferential Issue Committee approved this significant capital infusion on September 18, marking a pivotal moment in Kesar's financial strategy.

Breakdown of the Allotment

The preferential issue comprises three main components:

1. Fully Convertible Warrants to Promoters and Non-Promoters: The company allotted 64,76,559 fully convertible warrants at Rs. 350.00 per warrant, raising Rs. 226.70 crore. This allotment was distributed among promoters, promoter group entities, and non-promoter investors.

2. Warrants for Promoter Group with Loan Conversion: An additional 12,57,142 warrants were allotted to promoter group members, raising Rs. 44.00 crore. This allocation includes provisions for converting outstanding unsecured loans, with Rs. 11.00 crore adjusted towards 25% of the application amount and the remaining Rs. 33.00 crore to be paid in cash upon warrant conversion.

3. Equity Shares to Non-Promoters: Kesar issued 86,856 equity shares at Rs. 350.00 per share to non-promoter entities, generating Rs. 3.04 crore.

Impact on Share Capital

Following these allotments, Kesar's paid-up equity share capital has increased to Rs. 24.80 crore, now comprising 2,47,99,656 equity shares with a face value of Rs. 10.00 each.

Diverse Investor Participation

The preferential allotment saw participation from 38 different investors across promoter and non-promoter categories, indicating strong confidence in the company's future prospects. Notable allotments include:

*Partly through conversion of unsecured loans

Strategic Implications

This substantial capital raise is likely to strengthen Kesar's financial position, potentially fueling growth initiatives and expansion plans in the real estate sector. The mix of promoter and non-promoter participation suggests a balanced approach to fundraising while maintaining promoter confidence in the company's direction.

Regulatory Compliance

The allotment was conducted in accordance with SEBI regulations, as confirmed in the company's filing to the BSE Limited. The Preferential Issue Committee meeting, which approved these allotments, was held on September 18, from 16:30 to 16:45 hours.

As Kesar moves forward with this enhanced capital structure, market observers will be keen to see how the company deploys these funds to drive growth and create value for its shareholders in the competitive real estate market.

Kesar India Limited , a prominent real estate developer based in Nagpur, has made significant strides in both its financial structure and market position. The company recently approved a substantial preferential issue and secured a top ranking in a prestigious real estate list.

Preferential Issue Approval

The Preferential Issue Committee of Kesar India Limited has approved a preferential issue totaling Rs. 291.72 crore. This issue comprises three key components:

1. Fully Convertible Warrants: The company will issue 69,90,844 fully convertible warrants worth Rs. 244.68 crore at Rs. 350.00 per warrant to 39 allottees, including both promoters and non-promoters.

2. Promoter Group Warrants: An additional 12,57,142 warrants worth Rs. 43.99 crore will be issued to promoter group members Yash Gopal Gupta and Sangeeta Gopalchand Gupta. Notably, Rs. 10.99 crore will be adjusted against existing loans, while Rs. 32.99 crore will be received in cash.

3. Equity Shares: The company will issue 86,856 equity shares worth Rs. 3.04 crore to four non-promoter allottees.

All warrants are convertible to equity shares within 18 months at Rs. 350.00 per share. The company will seek shareholder approval for this preferential issue at its Annual General Meeting scheduled for August 28, 2025.

Key Details of the Preferential Issue

National Recognition

In a separate development, Kesar India Limited has achieved a significant milestone by ranking 6th in India for year-on-year revenue growth in the 2025 Grohe - Hurun India Real Estate 150 list. The company posted a 250% growth in FY 2024, making it the only company from Central India and Nagpur to feature in this prestigious listing.

Sachin Gopal Gupta, Managing Director of Kesar India Limited, commented on this achievement: "Being featured in a national listing of this magnitude is not just a recognition of numbers; it's a reflection of the hard work, discipline, and forward-thinking that drives our entire team."

This recognition positions Kesar India Limited at the forefront of Central India's transformation into a real estate powerhouse, highlighting its strategic vision and commitment to excellence in the industry.

The company's recent financial moves and market recognition underscore its growing influence in India's real estate sector, particularly in the Central Indian market. As Kesar India Limited continues to expand its operations and deliver value-driven developments across residential and commercial real estate, these developments are likely to strengthen its market position and investor confidence.