Kanoria Chemicals Allots ₹49.50 Crore Unlisted Preference Shares to R.V. Investment
Kanoria Chemicals & Industries Limited allotted 4,95,000 unlisted preference shares worth ₹49.50 Crores to R.V. Investment and Dealers Limited on April 20, 2026. This was disclosed on April 21, 2026, under SEBI insider trading regulations.
The allotment is of unlisted preference shares to a related entity and does not directly impact the company's core business operations or listed equity performance in the short term.
The announcement is a disclosure of allotment of unlisted preference shares and does not inherently contain positive or negative financial performance indicators.
Kanoria Chemicals & Industries Limited has announced the allotment of 4,95,000 Unlisted 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares of ₹1,000/- each, aggregating to ₹49.50 Crores. This disclosure was made by R. V. Investment and Dealers Limited, which received the allotment.
The disclosure was made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. R. V. Investment and Dealers Limited noted that since the preference shares are unlisted, the SEBI (Prohibition of Insider Trading) Regulations, 2015 might not be applicable. However, they enclosed Form C for the company's needful actions.
The preference shares are unlisted and have an ISIN that is not yet allotted. R. V. Investment and Dealers Limited previously held 32,10,120 Equity Shares representing 7.35% of the company's listed equity. Post-allotment, their holding in unlisted non-convertible preference shares amounts to 4,985,000, with a total value of ₹49.50 Crores.
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Kanoria Chemicals & Industries Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kanoria Chemicals & Industries Limited. Read the original for the full detail.