Kaya allots Rs 50 crore preferential shares to two investors

Kaya Limited allotted 18,24,150 equity shares to two non-promoter investors on October 30, 2026, raising Rs 50 crore at Rs 274.10 a share. The preferential allotment increased Kaya’s paid-up equity share capital to Rs 17.01 crore, represented by 1,70,11,759 shares of Rs 10 face value each.

What shares did Kaya allot on a preferential basis?

Kaya allotted 18,24,150 equity shares at an issue price of Rs 274.10 per share on October 30, 2026. Each new share has a face value of Rs 10, while Rs 264.10 of the issue price represents premium, according to the company’s disclosure.

The allotment aggregated to Rs 50 crore and was made through private placement on a preferential basis. Kaya said the issue was undertaken in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, referred to as the SEBI ICDR Regulations.

The Rs 274.10 issue price is Rs 264.10 above the Rs 10 face value of each equity share. That split distinguishes the increase in paid-up share capital arising from the face value of the 18,24,150 shares from the premium component included in the Rs 50 crore aggregate issue amount.

Kaya’s board considered and approved, or took note of, the allotment through a circular resolution passed on October 30, 2026. The filing identifies the instrument solely as equity shares, and marks the disclosure concerning conversion of securities as not applicable.

Who received Kaya’s preferential shares?

Kaya allotted 8,45,009 shares to Axana Estates LLP and 9,79,141 shares to Plutus Investments India Private Limited. The two allocations total 18,24,150 shares, matching the number issued in the October 30, 2026 preferential allotment.

Both recipients were classified as non-promoter investors in Kaya’s allotment disclosure. Axana Estates held 20,90,068 shares, or 13.76% of the pre-preferential shareholding, while Plutus Investments had no disclosed pre-preferential holding.

Axana Estates’ holding increased by 8,45,009 shares to 29,35,077 shares after the issue. Kaya reported that this moved Axana Estates’ shareholding from 13.76% before the preferential allotment to 17.25% after it.

Plutus Investments received 9,79,141 shares and held 5.76% after the allotment, according to Kaya’s post-allotment ownership disclosure. The transaction therefore added a disclosed 5.76% holding for Plutus Investments while increasing Axana Estates’ stated ownership percentage by 3.49 percentage points.

How did Kaya’s paid-up equity capital change?

Kaya’s paid-up equity share capital rose to Rs 17.01 crore following the October 30, 2026 allotment. The post-allotment capital comprises 1,70,11,759 equity shares with a face value of Rs 10 each.

The post-allotment share count is 18,24,150 shares higher than the total before the issue, reflecting the number of new shares Kaya allotted. Based on the disclosed post-allotment total, the pre-allotment share count was 1,51,87,609 shares.

At Rs 10 face value per share, the 18,24,150 new shares increased paid-up capital by Rs 1.82 crore. The disclosed issue consideration of Rs 50 crore includes the Rs 264.10 premium per share as well as the Rs 10 face value.

Kaya did not describe the transaction as a conversion of another security. It also stated that there had been no cancellation or termination of the preferential-issue proposal, meaning the disclosed 18,24,150-share issue was completed as approved.

What approvals and restrictions apply to Kaya’s new shares?

Kaya completed the allotment after board, shareholder and stock-exchange approvals obtained between August and October 2026. The board first approved the proposal on August 10, 2026, shareholders passed a special resolution on September 5, 2026, and BSE Limited and National Stock Exchange of India Limited gave in-principle approval on October 19, 2026.

The final allotment was made through the October 30, 2026 circular resolution. Kaya cited Chapter V of the SEBI ICDR Regulations for the preferential private placement, rather than identifying the transaction as a further public offer, rights issue, depository receipt issue or qualified institutions placement.

The shares allotted to Axana Estates and Plutus Investments will be subject to the lock-in period applicable under Chapter V of the SEBI ICDR Regulations. Kaya did not state a separate numerical lock-in duration in its October 30, 2026 announcement.

The company’s filing was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also referred to the Securities and Exchange Board of India master circular dated January 30, 2026 for the disclosure details accompanying the allotment.

Conclusion

Kaya’s October 30, 2026 preferential allotment issued 18,24,150 shares at Rs 274.10 each for Rs 50 crore, lifting paid-up equity capital to Rs 17.01 crore. The ownership disclosures show Axana Estates rising from 13.76% to 17.25%, while Plutus Investments acquired a 5.76% post-allotment holding.

The next scheduled matter disclosed by Kaya is the reconstitution of its Audit Committee, Risk Management Committee and Stakeholders Relationship Committee from November 1, 2026. Kaya also confirmed that the newly allotted shares are subject to the applicable SEBI ICDR lock-in, without disclosing a separate duration in the October 30 filing.