Khadim India Ltd

Financial results

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Audit Committee reviewed the results; Limited Review Reports issued by Ray & Ray.
• Consolidated results include Khadim Shoe Bangladesh Limited; foreign subsidiary not audited; revenue Nil.
• Results to be hosted on company website.

Capital action

• Approval to issue 10,22,727 fully convertible warrants; price Rs 100 per warrant.
• Conversion price Rs 125 per equity share; warrants convertible into Rs 10 face value shares.
• Allotment within 15 days of receipt of approval.

Regulatory and disclosures

• Interim standalone and consolidated results reviewed; statements posted on website.
• Auditors Ray & Ray issued interim review reports; no audit opinion.
• Foreign subsidiary Khadim Shoe Bangladesh Limited not audited; not material to Group.

EGM purpose

• Special EGM to approve preferential issue of up to 10,68,182 fully convertible warrants.

Warrants terms

• Issuance by private placement to promoter and non-promoter categories.
• Exercise price ₹110 per warrant; one warrant converts to one equity share.
• Conversion window: 18 months from allotment; equity shares rank pari-passu.
• Proposed allottees include Siddhartha Roy Burman and multiple non-promoter entities.
• 25% upfront payment; balance 75% on exercise; warrants dematerialized.
• Warrants subject to lock-in and minimum public shareholding.

Promoter/Director interests

• Promoter and some directors are proposed warrant allottees; others not subscribing.

Independent Director

• Sekhar Bhattacharjee appointed as Independent Director for five-year term from 02-Jul-2026.
• Not liable to retire by rotation; subject to applicable approvals.
• Board recommended; Nomination and Remuneration Committee endorsed; independence confirmed.

Shareholding impact

• Post-issue promoter holding about 57.77%; non-promoter 42.23% assuming full conversion.

Utilisation of proceeds

• Working capital provision: ₹1.75 crore to be utilised within 2 years.
• Long-term expansion/financing: ₹4 crore.
• Land/warehouse purchase: ₹6 crore.

EGM logistics

• EGM to be convened via VC/OAVM; remote voting July 29–31, 2026.

Voting outcome

• No outcome disclosed in notice; results to be announced post-EGM.

Warrants offering corrigendum

• Corrigendum corrects maximum warrants offered for proposed allottees.
• Total warrants offered: 1,068,182; promoter and public breakdown provided.
• Promoter: Siddhartha Roy Burman allotted 227,273 warrants.
• Public allottees include multiple individuals/entities; warrants per allottee range 18,182 to 90,909.
• Annexure A contains the corrected figures; no other content changed.

Warrants issue

• Issuance of up to 10,68,182 fully convertible equity warrants at Rs 110 per warrant.
• Warrants convert to equity shares at Rs 10 within 18 months; to promoter and select non-promoter entities.
• Upfront payment of 25% of total issue size collected at subscription.
• Subject to approvals of members and regulators; details in Annexure A/B.

EGM and voting framework

• EGM scheduled for Aug 1, 2026 to approve warrants issuance.
• Cut-off date for voting eligibility fixed July 25, 2026; remote e-voting July 29–31, 2026.

Directorship continuation

• Continuation of Prof. Dr. Surabhi Banerjee as Independent Director beyond age 75, subject to member approval.
• Term till May 24, 2027.
• Annexure C contains profile and tenure details.

New Independent Director

• Sekhar Bhattacharjee appointed Additional Independent Director from July 2, 2026 for five years, subject to approval.
• Annexure D provides profile.
• Not related to other Directors; not debarred.

Articles of Association amendment

• Approved change in one clause of Articles of Association, subject to member approval.