KS Smart Technologies Approves Fund Raise Of Up To USD 50 Million

Board approved raising authorised capital to Rs175Cr from Rs165Cr and enabling fundraise up to USD50M via FCCB/ECB/bonds/warrants/preferential/share swap. Postal ballot to follow. First fresh dilution-enabling move since reverse-listing overhaul; share-swap/preferential option echoes prior shell playbook and matters for WC-heavy, related-party-funded model. Instrument, pricing, use of proceeds and timelines undisclosed; needs shareholder/regulatory nods via postal ballot. Dilution, leverage and repeat of related-party routing are key.