Kalyani Cast-Tech Limited has completed the preferential allotment of 323,123 convertible equity warrants at Rs 582 per warrant, raising Rs 18.81 crore in total. The company has received the mandatory 25% upfront payment. These warrants can be converted into equity shares within 18 months, which will result in future equity dilution for existing shareholders.
Kalyani Cast-Tech Completes Preferential Allotment of Equity Warrants
Total value raised: Rs 18.81 crore through 323,123 warrants.
Upfront payment: Rs 4.70 crore (25%) successfully received by the company.
Reader Takeaway: The allotment strengthens capital reserves but flags future equity dilution upon warrant conversion for shareholders.
What just happened
Kalyani Cast-Tech Limited has officially allotted 323,123 convertible equity warrants on a preferential basis. Each warrant is priced at Rs 582, with an aggregate value of Rs 18.81 crore. This transaction follows the approvals secured at the Extraordinary General Meeting on July 28, 2026, and the BSE in-principle clearance received on September 9, 2026.
Allottee Overview
The warrants have been issued to a group of seven investors. The promoter group includes Jayashree Kumar, Pradyut Kumar, Akshit Kumar, Devender Kumar, Sanskar Bangani, and Sumbul Khan. One non-promoter investor, Gayatri, was also part of the allotment.
Conversion and Exercise Terms
Each warrant grants the holder the right to receive one fully paid-up equity share with a face value of Rs 10. This right is exercisable in one or more tranches within 18 months from the allotment date. Conversion remains contingent upon the payment of the remaining 75% of the issue price.
Why this matters
For the company, this move provides immediate liquidity through the 25% upfront subscription amount. For investors, it is critical to track the exercise of these warrants, as the eventual conversion into equity will increase the company’s paid-up capital and lead to dilution for current equity holders.