Kalyani Cast Tech Approves ₹18.8 Crore Preferential Issue

MUMBAI, India — The Board of Directors of Kalyani Cast Tech Limited has officially approved a preferential issue of convertible equity warrants valued at approximately ₹18.81 crore. The decision, finalized during a board meeting on Tuesday, June 30, 2026, marks a strategic step toward restructuring the firm’s long-term capital framework and financing future operational expansions.

Board Clears Preferential Warrants Allocation

According to a regulatory filing submitted by the company to BSE Limited, the board has approved the issuance of 3,23,123 convertible equity warrants. Each warrant is priced at ₹582, combining both the subscription and future exercise costs. The gross aggregate consideration from the private placement amounts to exactly ₹18,80,57,586.

The private placement is structured under Section 42 and Section 62(1)(c) of the Companies Act, 2013, alongside Chapter V of the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Regulations, 2018. Investors allocated these warrants must provide an upfront payment equivalent to 25% of the total issue price at the time of subscription. The remaining 75% will be payable upon conversion into equity shares, which can be exercised in one or more tranches within an 18-month window starting from the formal date of allotment.

Shareholding Modifications and Investor Profile

The preferential allocation targets seven select investors encompassing both promoter groups and non-promoter entities. Prominent figures within the promoter sphere dominate the subscription breakdown:

• Ms. Jayashree Kumar (Promoter Group): Acquired 89,708 warrants, driving her equity holding up from 3.84% to 4.87% post-dilution.

• Mr. Sanskar Bangani and Ms. Sumbul Khan (Promoter Group): Allocated 1,07,708 and 1,07,707 warrants respectively, each moving to a 1.44% fully diluted stake.

• Minor allocations were also granted to promoter group members Mr. Pradyut Kumar (3,000 warrants), Mr. Akshit Kumar (10,000 warrants), and Mr. Devender Kumar (2,500 warrants).

• Ms. Gayatri represents the solo non-promoter participant, securing 2,500 warrants for a post-preferential holding of 0.03%.

-----------------------------------------------------------------------------------------------------------------------
| Investor Name                        | Category              | Warrants Allot.  | Post-Issue Share % |
-----------------------------------------------------------------------------------------------------------------------
| Ms. Jayashree Kumar            | Promoter Group    | 89,708              | 4.87%                      |
| Mr. Sanskar Bangani              | Promoter Group    | 1,07,708           | 1.44%                      |
| Ms. Sumbul Khan                   | Promoter Group    | 1,07,707           | 1.44%                      |
| Mr. Akshit Kumar                    | Promoter Group    | 10,000              | 0.13%                      |
| Mr. Pradyut Kumar                 | Promoter Group    | 3,000                | 0.13%                      |
| Mr. Devender Kumar              | Promoter Group    | 2,500                | 0.03%                      |
| Ms. Gayatri                             | Non-Promoter      | 2,500                 | 0.03%                      |
-----------------------------------------------------------------------------------------------------------------------

Extraordinary General Meeting Scheduled for July

To formalize the preferential issue of convertible equity warrants, Kalyani Cast Tech Limited has scheduled an Extraordinary General Meeting (EGM) for its shareholders on Tuesday, July 28, 2026, at 12:00 PM IST. Reflecting standard electronic compliance measures, the meeting will be held via video conferencing and alternative audio-visual mediums.

The company has designated July 21, 2026, as the strict cut-off date to evaluate the eligibility of members entitled to cast their votes electronically or synchronously during the virtual assembly.

Official Sources Section

The information inside this report draws directly from the official corporate disclosure filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The document was signed and authorized on June 30, 2026, by Jayashree Kumar, Whole Time Director of Kalyani Cast Tech Limited. Detailed documentation can be viewed on the corporate website.

Quote Section

"We wish to inform you that at the meeting of the Board of Directors of the company commenced at 05:30 PM and concluded at 06:30 PM on Tuesday the 30th day of June, 2026, the following business were transacted: To issue 3,23,123 convertible equity warrants of the Company... at a price of ₹582 each," stated Jayashree Kumar, Whole Time Director, in the regulatory transmission to the exchange.

Why It Matters

The capital infusion via a preferential issue enables mid-sized entities to rapidly secure development funding without immediate equity dilution pressures, owing to the phased 18-month conversion timeline. The strong representation of the promoter group demonstrates inside backing and confidence in the organization's long-term commercial targets, providing comfort to retail investors and capital market watchdogs.

Key Facts at a Glance

• Total Deal Size: Kalyani Cast Tech is raising ₹18,80,57,586 via a private placement framework.

• Pricing Metrics: A total of 3,23,123 warrants are priced at ₹582 apiece, with a face value of ₹10 per corresponding equity share.

• Upfront Collection: Subscribers are required to commit a 25% premium payment upfront upon allotment.

• Conversion Timeline: Allotted warrants hold a flexible conversion lifespan spanning up to 18 months.

• Shareholder Consent: Final operational authorization will be subject to a vote at the virtual EGM on July 28, 2026.

FAQ Section

Q: What are convertible equity warrants?

A: Convertible equity warrants are financial instruments issued by a company that give the holder the right, but not the obligation, to buy a specific number of equity shares at a predetermined price within a designated timeframe.

Q: How will the capital be collected by Kalyani Cast Tech Limited?

A: The company will collect an initial 25% of the total issue value upfront from the seven proposed allottees, while the remaining 75% will be paid as tranches are exercised for stock conversion over 18 months.

Q: Who is eligible to vote at the upcoming EGM?

A: Shareholders who hold equity stock in the company as of the designated cut-off date of July 21, 2026, are eligible to vote via electronic methods or during the virtual session on July 28, 2026.

Sources: Official Corporate Outcome of Board Meeting submitted to BSE Limited under SEBI LODR Regulations, Corporate Investor Relations via Kalyani Cast Tech Limited.