Kesar India allots 17.3 lakh shares at ₹900 to two promoter-group members in a share swap

Kesar India Limited has told the exchanges that its Preferential Issue Committee, at a meeting on 14 Oct 2026 that ran from 5:30 PM to 5:45 PM, approved the allotment of 17,31,752 equity shares of ₹10 each on a preferential basis. The shares were issued at ₹900 each, for consideration other than cash, in a share swap.

The allottees are two members of the promoter and promoter group: Yash Gopal Gupta, who received 8,65,876 shares, and Sangeeta Gopalchand Gupta, who received 8,65,876 shares. At the issue price, the shares are worth about ₹155.9 crore.

After the allotment, the company’s paid-up equity share capital rises to ₹34,26,59,700, made up of 3,42,65,970 equity shares of ₹10 each.

Inference

No cash comes in under a share swap. Instead, the company issues its own shares in return for other shares, which the filing in the part reviewed here does not describe in detail.

The allotment adds about 5.3% to the 3.25 crore shares that were outstanding before it, which is the difference between the new total of 3,42,65,970 shares and the 17,31,752 new ones. Promoter group holdings after the allotment are not stated in the part of the filing reviewed here.