Kati Patang Lifestyle: Final ₹7.50 Call Deadline April 24 to Resume Trading

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AuthorAnanya Iyer|Published at:
Kati Patang Lifestyle: Final ₹7.50 Call Deadline April 24 to Resume Trading
Overview

Kati Patang Lifestyle has issued a First and Final Call for partly paid-up equity shares, requiring ₹7.50 payment per share by April 24, 2026. This converts shares to fully paid, enabling trading resumption. Failure to pay incurs 10% annual interest.

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Kati Patang Lifestyle Demands Final Payment for Shares

Kati Patang Lifestyle Limited has issued a First and Final Call, requiring holders of its partly paid-up equity shares to pay ₹7.50 per share. The deadline for this crucial payment is April 24, 2026. This final step aims to convert the existing shares into fully paid-up equity, a prerequisite for resuming trading.

Company Background and Market Shift

Formerly known as VirtualSoft Systems, Kati Patang Lifestyle has undergone a significant strategic shift, moving from IT services to focus on the premium Indian craft beer and spirits market. The company's growth strategy includes recent acquisitions like Agnetta International Pvt. Ltd. and ongoing exploration in the spirits sector. The partly paid shares subject to this call were originally issued in July 2025. Trading in these shares has been suspended since April 2, 2026, pending the completion of this capital call.

Investor Action and Potential Consequences

Shareholders must complete the ₹7.50 payment per share by April 24, 2026, to convert their holdings into fully paid-up equity. Successful payment will enable the resumption of trading for these shares.

Failure to meet the deadline carries consequences:

  • Interest Charges: A 10% annual interest will be levied on the outstanding amount from April 24, 2026.
  • Share Forfeiture: The company reserves the right to forfeit partly paid-up shares in cases of non-payment.

Competitive Landscape

Kati Patang Lifestyle operates within India's alcoholic beverages sector, competing with established major players such as United Spirits Ltd, United Breweries Ltd, and Radico Khaitan Ltd. These companies hold significant market share in the country's spirits and beer markets.

Tracking Future Developments

Investors will be watching the company's collection rate for the final call money by the April 24 deadline. Key follow-up points include official announcements on share conversion, the precise date trading will resume, and progress on the company's strategic acquisition plans within the premium spirits sector.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.