Karnika Industries Limited issued a corrigendum for a preferential issue of 39,66,860 convertible warrants to raise approximately ₹47.99 Crore. Warrants are priced at ₹121 each and are convertible into equity shares within 18 months. The proceeds will fund working capital and general corporate purposes.
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.
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.
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.
