Karnika Industries Ltd

Karnika Industries Fund Raise of ₹47.99 Cr

Karnika Industries Limited issued a corrigendum for its proposed preferential issue of 39,66,860 convertible warrants to raise approximately ₹47.99 Crore. The warrants, priced at ₹121 each, are primarily for working capital and general corporate purposes. The issuance targets promoters and select investors to support business growth and financial stability.

Value

₹47.99 Cr

Execution

18 months

Karnika Industries Annual General Meeting

Karnika Industries Limited has convened an EGM for May 11, 2026, to approve raising ₹47.99 Crore through the preferential issuance of 39,66,860 convertible warrants at ₹121 each. The funds will support working capital, debt repayment, and general corporate purposes. The move aims to strengthen the company's financial position and fund future growth opportunities.

Value

₹47.99 Cr

Karnika Industries Annual General Meeting

Karnika Industries Limited has convened an EGM on May 11, 2026, to approve a ₹47.99 Crore fundraise through the preferential issuance of 39,66,860 convertible warrants at ₹121 each. Other agendas include altering the Articles of Association to enable warrant issuances and appointing Yash Jhawar as an Independent Director for a five-year term.

Value

₹47.99 Cr

Karnika Industries Fund Raise of ₹47.99 Cr

Karnika Industries Limited approved the preferential issuance of 3,966,860 convertible warrants at ₹121 per warrant, totaling ₹47.99 Crore. The warrants, issued to 14 investors including promoters, must be converted into equity shares within 18 months. This capital infusion will increase the paid-up share capital to approximately 6.59 Crore shares upon full conversion.

Value

₹47.99 Cr

Execution

18 months

Karnika Industries Fund Raise of ₹47.99 Cr

Karnika Industries Limited has approved a preferential issuance of up to 39,66,860 convertible warrants at Rs. 121 per warrant, aggregating Rs. 47.99 Crore. The issue targets both promoter and non-promoter groups. Warrants are convertible into equity shares within 18 months, subject to shareholder approval at an EGM scheduled for May 11, 2026.

Value

₹47.99 Cr

Execution

18 months

Karnika Industries Board Meeting Outcome

Karnika Industries Limited has rescheduled its board meeting to April 11, 2026, due to technical reasons. The board will consider a proposal for fund raising through a preferential issue. The company's trading window remains closed until June 3, 2026, in connection with these developments.

Karnika Industries Q3 FY26 Results: Net Profit ₹6.6 Cr

Karnika Industries Ltd reported net profit of ₹6.6 Cr for Q3 FY26.

Key figure

Net profit ₹6.6 Cr