Kamdhenu Ventures Allots 1.5 Crore Equity Shares; Infuses ₹7.65 Crore via Warrants

Key numbers

Market Cap	₹123.7 CrMicro Cap
Promoter Holding	52.54%Pre-Allotment
1-Year Return	-52.94%Stock Performance
Deal value	₹7.65 Cr
Share of market cap	6.2%
Share of annual revenue	3.2%

Key highlights

• Allotment of 1,50,00,000 equity shares of face value ₹1 each at an issue price of ₹6.80
• Receipt of ₹7.65 crore representing the 75% balance payable on warrant conversion
• Shares allotted to Kamdhenu Limited, a member of the company's promoter group
• Post-allotment paid-up equity share capital increased to ₹34.40 crore
• Conversion completes the exercise of the remaining warrants from the March 2026 issuance

Preferential Allotment and Capital Structure

Kamdhenu Ventures Limited has expanded its equity base by allotting 1.5 crore new shares following the conversion of preferential warrants. The Preferential Issue Committee of the Board of Directors approved this allotment on October 31, 2026. Each share was issued at a total price of ₹6.80, including a premium of ₹5.80.

This transaction increases the company's total paid-up equity capital to ₹34.40 crore, consisting of 34,40,00,000 equity shares of face value ₹1 each. The newly allotted shares will rank pari-passu with the existing equity shares of the company.

Conversion Details and Financial Breakdown

• The warrants were originally allotted on March 20, 2026, at an issue price of ₹6.80 per warrant
• A 25% upfront payment of ₹2.55 crore was received at the time of initial warrant allotment
• The current conversion of 1.5 crore warrants involved the payment of the 75% balance amounting to ₹7.65 crore
• Total consideration received for the 1.5 crore converted shares stands at ₹10.20 crore
• The allottee, Kamdhenu Limited, is a promoter group entity, consolidating its stake in the firm

Operational Context and Industry Outlook

The ₹7.65 crore capital infusion represents approximately 6.2% of the company's current market capitalization and 3.2% of its trailing twelve-month revenue of ₹241.32 crore. This funding comes as Kamdhenu Ventures navigates a period of financial pressure, having reported a net loss of ₹4.41 crore in the most recent quarter. However, the company has previously outlined ambitious growth targets, including a long-term turnover goal of ₹1,000 crore for its paint business with targeted EBITDA margins of approximately 15% within the next four years.

Management also indicated plans for phased price increases to recover operating margins.

What to watch next

• Rights issue of subsidiary Kamdhenu Colour and Coatings Limited opening November 3, 2026
• Implementation of ₹10-15 crore capital expenditure for tinting machines and balancing equipment
• Quarterly financial results for the period ending September 30, 2026
• Progress toward the target of ₹1,000 crore turnover in the paints business

Kamdhenu Ventures · financial snapshot

Share price	₹3.76
Market capitalisation	₹123.70 Cr
Revenue (annual)	₹245.26 Cr
Net profit (annual)	₹0.20 Cr
Revenue (latest quarter)	₹46.29 Cr-38.28% vs previous quarter
Net profit (latest quarter)	-₹4.41 Cr-65.06% vs previous quarter
P/E (TTM)	-24.33×Sector 40.46×
Promoter holding	52.54%0.00% QoQ
FII holding	0%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.