Kati Patang Lifestyle Demands ₹10 Final Share Call, Seeking ₹10.26 Crore

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AuthorIshaan Verma|Published at:
Kati Patang Lifestyle Demands ₹10 Final Share Call, Seeking ₹10.26 Crore
Overview

Kati Patang Lifestyle's board has approved a final call of ₹10 per partly paid share. The record date is April 2, 2026, with payments due April 10-24. The company expects to collect about ₹10.26 crore from shareholders holding over 1 crore shares from a previous rights issue.

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Kati Patang Lifestyle Finalizes ₹10 Share Call Details

The company's board has approved the first and final call, demanding ₹10 per share from holders of the 1,02,56,651 outstanding partly paid shares. This payment is split equally, with ₹5 towards the share's face value and ₹5 towards the premium, completing the original ₹20 issue price set when the shares were first offered. The record date for determining eligible shareholders is April 2, 2026, with the payment window open from April 10 to April 24, 2026.

This move is essential for the company to collect the full amount due from its prior rights issue. Shareholders who fail to meet this final call by April 24, 2026, face the risk of their partly paid shares being forfeited, potentially leading to a loss of their investment in those shares.

Kati Patang Lifestyle, previously known as StyleMan Lifestyle Ltd., operates within India's lifestyle and apparel sector. The company had undertaken a rights issue around late 2022 or early 2023, aiming to raise funds for business expansion and bolster working capital. This issue involved 1,02,56,651 shares offered at ₹20 per share, with an initial payment leaving a balance of ₹10 per share.

In the competitive Indian apparel and lifestyle market, companies like Trent Ltd. and Aditya Birla Fashion and Retail Ltd. (ABFRL) are navigating growth strategies. For smaller entities like Kati Patang Lifestyle, successfully executing funding actions such as this share call is vital for executing growth plans and managing working capital effectively.

Looking ahead, investors and stakeholders will track several key developments. These include official communications from the BSE regarding the trading status of the partly paid-up equity shares post the payment deadline. The company's announcement on the success rate of the share call collection will also be closely watched. Furthermore, how the collected funds will be deployed towards the stated business expansion and working capital needs will be important. Shareholder response and any potential queries or issues arising during the payment period will also be points to monitor.

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