Kingfa Science & Technology (India) Limited , a leading player in the Indian manufacturing sector, has received a significant boost to its capital raising efforts. The company has secured in-principle approval from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for a substantial preferential share issue.

Key Details of the Share Issue

Regulatory Approvals

The company received approval letters from both major Indian stock exchanges:

• NSE approval: Letter number NSE/LIST/50485
• BSE approval: Letter number LOD/PREF/MV/FIP/907/2025-26

Shareholder Approval

Prior to receiving exchange approvals, Kingfa Science & Technology held an Extraordinary General Meeting (EGM) to seek shareholder consent for the preferential issue. The resolution was passed with overwhelming support:

Implications and Next Steps

This preferential issue represents a significant capital infusion for Kingfa Science & Technology (India) Limited. The successful approval from both exchanges and strong shareholder support indicates confidence in the company's growth prospects and financial strategy.

The funds raised through this issue are likely to strengthen the company's balance sheet and could potentially be used for expansion plans, debt reduction, or other strategic initiatives. However, the specific use of proceeds has not been detailed in the available information.

Investors and market watchers will be keen to observe how Kingfa Science & Technology utilizes this capital to drive growth and enhance shareholder value in the coming months.

As the company moves forward with the share allotment process, it will need to comply with all relevant SEBI regulations and exchange requirements to complete the preferential issue successfully.

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.