Kingfa Science & Technology (India) Limited, a leading player in the Indian plastics industry, conducted an Extra-Ordinary General Meeting (EGM) on September 17, 2025, to seek shareholder approval for a preferential issue of equity shares. The meeting, held via video conferencing, saw participation from 52 members and was chaired by Mr. Bo Jingen, the company's Chairperson & Managing Director.

Key Highlights of the EGM

• Meeting Details: The EGM took place from 11:30 AM to 11:52 AM IST through video conferencing.
• Primary Agenda: Consideration and approval of offer, issue, and allotment of equity shares on a preferential basis.
• Voting Process: The company provided remote e-voting facilities from September 14-16, 2025, with additional e-voting during the meeting.
• Scrutinizer: Ms. Shaswati Vaishnav was appointed as the Scrutinizer for overseeing the voting process.

Proposed Utilization of Funds

Mr. Bo Jingen explained that the proceeds from the preferential issue would be utilized for various strategic initiatives:

1. Funding Phase II factory building and R&D at Chakan (Pune)
2. Acquiring plant and machinery at Bhiwadi (Rajasthan)
3. Land acquisition in South India
4. General corporate purposes

Corporate Governance and Compliance

The meeting was conducted in compliance with the circulars issued by the Ministry of Corporate Affairs (MCA), SEBI, and in accordance with the Companies Act, 2013. Key management personnel present at the EGM included:

• Mr. Doraiswami Balaji (Executive Director)
• Mr. Sun Yajie (Additional Executive Director)
• Ms. Nilima Ramrao Shinde (Non-Executive Independent Director)
• Mr. Ramachandran Sudhinder (Non-Executive Independent Director)
• Mr. Subramanyan S. K. (Non-Executive Independent Director)
• Mr. Wang Dazhong (Chief Executive Officer)
• Mr. Chen Xiaoqiong (Chief Financial Officer)
• Mr. Deepak Vyas (Company Secretary & Compliance Officer)

Resolution and Voting Outcome

The special resolution to approve the preferential issue of equity shares was put to vote. The company stated that the resolution would be deemed passed subject to receiving the requisite majority. Detailed voting results are expected to be shared on the company's website ( www.kingfaindia.com ) and the NSDL website ( www.evoting.nsdl.com ).

This strategic move by Kingfa Science & Technology (India) Limited indicates the company's focus on expansion and strengthening its position in the Indian market. The successful implementation of these initiatives could potentially enhance the company's manufacturing capabilities and market presence in key regions of India.

Kingfa Science & Technology (India) Limited, a leading player in the Indian plastics industry, has announced a significant move to raise capital through a preferential share issue. The company's board of directors has approved the issuance of up to 14,40,920 equity shares to seven non-promoter investors, aiming to raise approximately INR 499.99 crore.

Key Details of the Preferential Issue

• Issue Price: INR 3,470.00 per share
• Face Value: INR 10.00 per share
• Premium: INR 3,460.00 per share
• Total Shares: Up to 14,40,920 equity shares
• Total Amount: Up to INR 499,99,92,400.00

Investors and Allocation

The preferential allotment will be made to seven non-promoter investors, including:

Impact on Shareholding

Post-allotment, the new investors will collectively hold approximately 10.63% of the company's equity. The individual shareholding percentages will be as follows:

• SBI Flexicap Fund: 2.55%
• SBI Conservative Hybrid Fund: 2.64%
• Custody Bank of Japan Ltd RE RB Amundi India Small Cap Equity Mother Fund: 2.02%
• SBI Automotive Opportunities Fund: 1.36%
• SBI Emergent India Fund: 0.79%
• SBI Optimal Equity Fund - Long Term: 0.74%
• Sanshi Fund -I: 0.53%

Approval Process and Timeline

The proposal for the preferential issue is subject to shareholder approval, which will be sought at an extraordinary general meeting (EGM) scheduled for September 17, 2025. The company has also fixed the date for its 41st Annual General Meeting (AGM) on September 29, 2025, which will be held through video conferencing or other audio-visual means in compliance with applicable regulations.

Other Board Decisions

In addition to the preferential issue, the board has reappointed Mr. K. Suryanarayanan as the Cost Auditor for the financial year ending March 31, 2026. Mr. Suryanarayanan is a qualified Cost Accountant with extensive experience in cost and management accounting, statutory audits, and compliance.

This capital raising initiative by Kingfa Science & Technology (India) Limited is expected to strengthen the company's financial position and support its growth plans. The participation of prominent institutional investors signals confidence in the company's prospects and may potentially enhance its market standing.