Ken Enterprises Approves ₹16.19 Crore Promoter Convertible Warrant Issue

Board approved up to 39.97 lakh promoter warrants at Rs 40.50 each, raising up to Rs 16.2 Cr; 25% upfront, convertible within 18 months, subject to approvals. First equity-linked raise since listing, breaking the no-dilution pattern; IPO funds are redirected from acquisitions, machinery and plant renovation to working capital. Promoter holding is slated to rise from 49.73% to 56.76%; Rs 12.1 Cr of IPO proceeds remains unutilised and awaits shareholder approval for working capital use.