03-Nov-2026 12:42:33
KAMOPAINTS : INVESTS RS 7.65 CR IN WHOLLY OWNED SUBSIDIARY KCCL
• Investment Committee approved subscription to 2,125 equity shares of Kamdhenu Colour and Coatings Ltd (KCCL) via rights issue • Issue price ₹36,000 per share (face value ₹10 plus premium of ₹35,990); cash consideration • Aggregate investment ₹7.65 Cr; no change in percentage shareholding, KCCL stays a 100% wholly owned subsidiary • KCCL is in the decorative paint business with FY26 turnover of ₹245.26 Cr v ₹266.10 Cr (FY25) and ₹291.70 Cr (FY24) • Funds to be used for KCCL's business operations and expansion; investment to be completed on or before 16/11/2026 Impact: Neutral (Capital infusion into existing wholly owned paint subsidiary; ownership and consolidation unchanged, but does not address the declining turnover trend)
Kamdhenu Ventures Ltd
Open attachment