Kabra Extrusiontechnik Ltd

Preferential issue plan and use of proceeds

• Proposes to raise up to ₹141 crore via a preferential issue.
• Proceeds allocated to five objects totaling ₹141 crore.
• Object 1: capex for new/expanded manufacturing lines; ₹71 crore, by 30 Jun 2027.
• Object 2: R&D and product development; ₹4.75 crore, by 30 Jun 2027.
• Object 3: working capital expansion; ₹10 crore, by 30 Jun 2027.
• Object 4: debt repayment/prepayment; ₹20 crore, by 30 Jun 2027.
• Object 5: general corporate purposes; ₹35.25 crore, by 30 Jun 2027.
• Deviation allowed: +/-10% of issue size subject to applicable laws.
• Monitoring agency CARE Ratings Limited appointed to monitor utilisation until 100%.
• Funds may be parked in deposits or debt mutual funds pending utilisation.

Ultimate beneficial owners updates

• Corrigendum updates UBO information for two proposed allottees.
• Yash Kela named as UBO for Singularity Large Value Fund III.
• Keith Walter named as UBO for Chanakya Wealth Creation Fund.

Preferential issue details

• Corrigendum to EGM notice updates a proposed ₹141 crore preferential issue.
• Proceeds of ₹141 crore to be used across five objects.
• Object 1: ₹71.00 crore for manufacturing expansion, by 30 June 2027.
• Object 2: ₹4.75 crore for R&D, by 30 June 2027.
• Object 3: ₹10.00 crore working capital, by 30 June 2027.
• Object 4 & 5: ₹20.00 crore debt repayment and ₹35.25 crore general corporate, by 30 June 2027.
• Monitoring agency CARE Ratings Limited appointed to monitor utilisation.
• Corrigendum forms integral part of the EGM Notice and is published.

Ultimate Beneficial Owner updates

• Object: UBO updates: Singularity Large Value Fund III now linked to Yash Kela; previously Not Applicable.
• Chanakya Wealth Creation Fund now linked to Keith Walter.

AGM Details

• AGM held in August at two o'clock IST via VC/OAVM.
• Record date for eligibility referenced in the notice.
• Attendees via VC included eleven promoters and thirty-seven public.

Resolutions & Voting

• Ordinary: Adoption of audited standalone and consolidated financial statements; passed.
• Ordinary: Re-appointment by rotation of a director; passed.
• Special: Re-appointment of independent director for a second term; passed with minor opposition.
• Ordinary: Ratification of cost auditor remuneration; passed.
• Overall: All resolutions passed.

AGM Details

• Date and time: Aug 12, 2026, 2:00 PM IST; mode: VC/AVM.
• Session concluded at 3:30 PM IST; voting window extended 15 minutes.
• Quorum met; chair and all directors attended at the AGM.
• Remote e-voting Aug 9-11; e-voting during the AGM.

Key Resolutions

• Ordinary: Adoption of audited standalone and consolidated financial statements.
• Ordinary: Re-appointment of Mr. Anand Kabra as Director.
• Special: Re-appointment of Mr. Utpal Sheth as Independent Director for second term.
• Ordinary: Ratification of remuneration payable to Cost Auditors for FY ending March 31, 2027.

Voting Results

• Not disclosed; combined results to be declared within prescribed timelines.

Director Changes

• Director Anand Kabra reappointed; retires by rotation.
• Independent Director Utpal Sheth appointed for second term (2026–2031).

Auditor Arrangements

• Cost Auditor remuneration ratified for FY ending March 31, 2027.

Purpose & Offer

• Special resolution to approve private placement of up to 37,60,000 equity shares.
• Issue to promoter group and non-promoters at ₹375 per share.
• Aggregate value up to ₹141 crore.
• EGM scheduled for 2 September 2026 via VC/OAVM.
• Proposed allottees include 12 entities (promoter group and non-promoters).

Key Terms & Conditions

• Price ₹375 per share, includes ₹370 premium.
• Total proceeds up to ₹141 crore.
• Allotment in one or more tranches; 15 days from subscription.
• 100% consideration payable at allotment.
• Lock-in as per SEBI ICDR Regulations.
• Shares to rank pari passu with existing shares.
• Post-issue promoter holding about 59.46%; post-issue total shares around 38.73 million.
• Relevant date for pricing: 3 August 2026.
• Monitoring by CARE Ratings Limited.
• Valuation report dated 7 August 2026; available on company website.
• No prior preferential allotments in 2026-27.

Promoter/Director Interest

• Utpal Hemendra Sheth, independent director, to subscribe for 4,00,000 shares.
• Anand Kabra and Ekta Kabra have no further interests beyond holdings.

Capital action

• Board approved revision of the proposed preferential issue to 37,60,000 equity shares.
• Issue price remains ₹375 per share; premium ₹370 per share.
• Aggregate size updated to ₹141 crore from ₹120 crore.
• Issuance to Promoter Group and Non-Promoter category.
• Subject to members' and regulatory approvals.
• Allottees include 12 investors; names in Annexure A.

EGM scheduling

• EGM to be held on September 02, 2026 via VC/OAVM.
• EGM to seek approval for revised preferential issue.
• Purpose: obtain member approvals for revised preferential issue.