Kesar India Limited's Preferential Issue Committee has detailed the company's capital raise plan, previously approved by the Board.

The company plans to raise approximately ₹291.72 Cr.

This includes issuing fully convertible warrants worth ₹244.68 Cr for cash to promoter and non-promoter investors.

An additional ₹43.99 Cr in warrants will be issued to promoter group entities, with ₹11.00 Cr from converting an existing loan and ₹33.00 Cr in cash.

The company will also issue equity shares worth ₹3.04 Cr for cash to non-promoter investors.

Shareholder approval for this capital infusion will be sought at the upcoming Annual General Meeting.