Kalyani Cast Tech to seek shareholder nod for ₹18.80 crore warrant issue at ₹582 a share
Kalyani Cast Tech Limited plans to hold an extraordinary general meeting on July 28, 2026 to seek shareholder approval for a preferential issue of 3,23,123 convertible equity warrants at ₹582 each, raising about ₹18.80 crore. The warrants can be converted within 18 months into equity shares with a ₹10 face value. Proceeds are earmarked for rail terminal infrastructure (₹10,00,00,000), working capital (₹5,50,00,000) and general corporate purposes (₹3,30,57,586). The proposal is described as a routine compliance-led fundraising exercise and does not involve a change in control or a major shift in business direction.