Kalana Ispat Limited
Incorporated in October 2012, Kalana Ispat Limited primarily manufactures M.S. Billets and Alloy Steel Billets of various grades.
What Kalana files
- Others41
- Important13
- Board Meeting11
- Updates8
- Insider Trade3
- Results1
Varghese Joseph Pottakerry, a shareholder in Kalana Ispat, has acquired 7,80,588 equity shares. This acquisition, completed via warrant conversion, totaled Rs 1 Crore. The transaction increased his direct shareholding in Kalana Ispat from 16.07% to 19.63%, marking a notable shift in his stake.
Aftabhusen S Khandwawala has submitted to the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
Kalana Ispat's board approved converting 1,561,116 warrants into equity shares for its Promoter Group, raising Rs 2.63 crore. This preferential allotment boosts paid-up capital from Rs 13.04 Cr to Rs 14.60 Cr, strengthening promoter holding in the company.
KALANA ISPAT clarified to NSE that no undisclosed information or upcoming corporate action explains recent share volatility. Management states price movement is purely market-driven, unconnected to company developments.
Kalana Ispat, listed on the SME Emerge Platform, is exempt from specific corporate governance requirements. This simplifies its compliance, as the company is not mandated to submit a quarterly corporate governance report.