Kamdhenu Limited — Capital/Financing Update 2025

Apr 19, 2025

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KL/SEC/2025-26/05 Date: 19[th] April, 2025

To, To, The Manager- Listing The Manager- Listing National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai-400 051 Dalal Street, Mumbai- 400 001 NSE Symbol: KAMDHENU BSE Scrip Code: 532741

Sub: Allotment of 40,00,000 Equity Shares of face value of Re. 1/- each upon conversion of Warrants.

Ref: Intimation as per Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

This is in furtherance to our earlier intimation made vide Letter No. KL/SEC/2023-24/85 on 22[nd] February, 2024, w.r.t the allotment of 27,50,000 Warrants at an Issue Price of Rs. 353/(Rupees Three Hundred and Fifty Three Only) (including premium of Rs. 343/- each), convertible into Equity Shares of the Company within a period of 18 months from the date of allotment i.e. 22[nd] February, 2024, to the proposed allottees as described in the said letter.

Here, we wish to update that pursuant to the approval of Board of Directors and Shareholders of the Company, the face value of Equity shares of the Company has been sub-divided to Re. 1/- (Rupee One only) each from Face value of Rs. 10/- each fully paid up, ranking paripassu in all respects. Consequent to this, 19,47,200 warrants pending for conversion will be converted into 1,94,72,000 equity shares having face value of Re. 1/- each, adjusted post subdivision of equity shares of face value of Rs. 10/- each to face value of Re. 1/- each. Accordingly, to give effect of sub- division into the current conversion, the Issue price of Rs. 353/- have been adjusted in a manner that the effective issue Price would be Rs. 35.30/per warrant post sub- division and face value of Rs.10/- each to Re.1/- each.

Further, in reference to the above and pursuant to Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, we wish to inform that, upon receipt of application for conversion of warrants into equity shares of the Company along with 75% amount payable on conversion of warrants, in accordance with the terms of issue of warrants, from the allottees as described in Annexure – 1 , the Board of Directors of the Company today, i.e on Saturday, 19[th] April, 2025, vide their resolution passed by way of circulation, have accorded their consent and approved the allotment of 40,00,000 Equity Shares of the

Khem Digitally signed by Khem Chand Date: 2025.04.19 Chand 14:09:42 +05'30'

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Company having face value of Rs. 1 each as fully paid-up shares at a price of Rs. 35.30 per equity share (including premium of Rs. 34.30 per share), consequent upon the conversion of 4,00,000 Warrants issued earlier at an issue price of Rs. 353/-, after adjusting the number of shares, paid-up capital per share and premium per share post sub-division of nominal value of the Equity Share of the Company from 1 Equity Share of Rs. 10/- each to 10 Equity Shares of Re. 1/- each on preferential basis, upon receipt of an amount aggregating to Rs. 10,59,00,000/- (Rupees Ten Core Fifty Nine Lakh only) i.e. Rs.26.475 per warrant (after adjustment of sub- division/Split) per share (being 75% of the issue price per warrant) from the allottees, upon conversion of such number of warrants as described in the Annexure-1 to this letter.

Further, post allotment of the said 40,00,000 Equity Shares, the paid up equity share capital of the Company stands increased to Rs. 28,13,83,000 (Rupees Twenty Eight Crore Thirteen Lakh Eighty Three Thousand only) consisting of 28,13,83,000 equity shares of face value of Re. 1 each. The equity shares being allotted on conversion of the Warrants shall rank pari -passu in all respects, with the existing equity shares of the Company from the date of allotment thereof.

The detailed disclosure as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for the said Preferential Issue is enclosed as Annexure - 2 .

We request you to kindly take the same on record.

Thanking you, Yours faithfully,

For Kamdhenu Limited

Khem Digitally signed by Khem Chand Chand Date: 2025.04.19 13:55:58 +05'30'

Khem Chand, Company Secretary & Compliance Officer

Encl.: as above.

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Annexure – 1

LIST OF ALLOTTEES

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S. No. Name of No. of No. of No. of Amount No. of Pre Allotment Shareholding Post
Allottees Warrants warrants Equity received Warrants Shareholding Allotment
allotted applied for Shares being 75% of remaining
conversion allotted the Issue for
No. of % age No. of % age
upon price per conversion
equity equity
conversion# warrant after current
shares shares
(in Rs.) allotment##
1 Ariston Capital 2,00,000 1,00,000 10,00,000 2,64,75,000 1,00,000 1,40,000 0.05 11,40,000 0.40
Limited
2 Arrow 5,00,000 3,00,000 30,00,000 7,94,25,000 2,00,000 39,15,000 1.411 69,15,000 2.45
Emerging
Opportunities
Fund Limited
Total 4,00,000 40,00,000 10,59,00,000 3,00,000
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# No. of equity shares allotted, upon conversion of warrants after considering the effect of sub-division in Nominal Value of the Company’s Equity Shares from Rs. 10/- each to Re. 1/- each.

## Number of shares to be issue upon conversion shall be adjusted at the time of conversion after adjusting the effect of Sub- division of Face Value of Rs. 10/- each to Re. 1/- each. *Note: The post issue shareholding percentage is based on the current allotment of 40,00,000 Equity Shares only. However, post allotment of the outstanding convertible warrants i.e 15,47,200 (i.e. 1,54,72,000 equivalent Equity Shares of Re.1/- each), the percentage shareholding of current allottees shall change accordingly.

For Kamdhenu Limited

Khem Chand

Digitally signed by Khem Chand Date: 2025.04.19 13:56:25 +05'30'

Khem Chand, Company Secretary & Compliance Officer

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ANNEXURE - 2

The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed herewith as under:

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S. Particulars Details
No.
1 Type of securities proposed Equity Shares having face value of Re. 1 each
to be issued
2 Type of Issuance Preferential Allotment (Conversion of Warrants
into Equity Shares of the Company)
3 Total number of securities Allotment of 40,00,000 Equity shares of the face
proposed to be issued or value of Re.1/- each as fully paid-up shares at a
total amount for which the price of Rs. 35.30/- per equity share (including
securities will be issued premium of Rs. 34.30/- per share), consequent
upon the conversion of 4,00,000 Warrants issued
earlier at an issue price of Rs. 353/- per equity
share after adjusting the number of shares, paid-
up capital per share and premium per share post
sub-division of nominal value of the Equity Share of
the Company from 1 Equity Share of Rs.10/- each
to 10 Equity Shares of Re. 1/- each upon receipt of
75% of the amount payable on conversion of
Warrants aggregating to Rs. 10,59,00,000/-
(Rupees Ten Crore Fifty Nine Lakh only).
4 In case of preferential issue the listed entity shall disclose the following additional
details to the Stock Exchange(s):
i. Names of Investor(s) As per list attached in Annexure – 1 .
ii. Post allotment of Post allotment of the said 40,00,000 Equity Shares,
securities – outcome of upon conversion of 4,00,000 Warrants and upon
the subscription, issue receipt of balance consideration, the paid up Equity
price/ allotted price (in share capital of the Company stands increased to
case of convertibles), Rs. 28,13,83,000 (Rupees Twenty Eight Crore
number of investors Thirteen Lakh Eighty Three Thousand only) consisting
of 28,13,83,000 equity shares of face value of Re. 1
each.
Khem Digitally signed by Khem Chand
Chand Date: 2025.04.19 14:09:11 +05'30'
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Warrants were allotted on 22 [nd] February, 2024
carrying a right to subscribe to 1 Equity Share per
warrant on receipt of amount at the rate of Rs. 88.25
per warrant (being 25% of the issue price per
warrant).
Subsequent to stock split w.e.f 08 [th] January, 2025 all
warrant allottees are eligible to get 10 shares
allotted against conversion of each warrant they
have subscribed. Hence 40,00,000 Equity Shares
have been allotted on receipt of balance amount at
the rate of Rs. 26.475 (after adjustment of sub-
division/Split) per warrant (being 75% of the issue
price per warrant).
The number of allottees for the current allotment are
2 (Two). All the allottees are of Non-Promoter
category.
The Pre and post allotment shareholding has been
provided in Annexure – 1 .
Out of total 27,50,000 warrants, balance 15,47,200
warrants are outstanding for conversion. These
warrants numbers are without any adjustment.
However, number of shares to be issue upon
conversion shall be adjusted at the time of
conversion after adjusting the effect of Sub-
division/split of Face Value of Rs. 10/- each to Re. 1/-
each.
iii. In case of convertibles – Allotment of 40,00,000 Equity Shares, having face
intimation on value of Re. 1 each, pursuant to conversion of
conversion of securities 4,00,000 warrants.
or on lapse of the tenure
of the instrument
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For Kamdhenu Limited Khem Digitally signed by Khem Chand Chand Date: 2025.04.19 13:56:48 +05'30'

Khem Chand, Company Secretary & Compliance Officer

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