Shree Renuka Sugars announces that its wholly-owned subsidiary, KBK Chem-Engineering Private Limited, has allotted equity shares worth ₹573.65 Million. The allotment was approved on November 10, 2025, and involved 2,49,122 equity shares at an issue price of ₹2,302.69 per share. This allotment was made on a rights basis, converting a loan extended by Shree Renuka Sugars to KBK into equity.
Equity Share Allotment by KBK
Shree Renuka Sugars has announced a significant development regarding its wholly-owned subsidiary, KBK Chem-Engineering Private Limited (KBK). On November 10, 2025, the Board of Directors of KBK approved the allotment of equity shares.
Details of the Allotment
The allotment consisted of 2,49,122 equity shares, each with a face value of ₹100. These shares were issued at a price of ₹2,302.69 per share (including a premium of ₹2,202.69 per share), bringing the total value of the allotment to ₹573.65 Million. The allotment was made on a rights basis, converting an equivalent amount of loan extended by Shree Renuka Sugars to KBK into equity.
Acquisition Completion
With this allotment, Shree Renuka Sugars formally announces that the acquisition of shares of KBK has been successfully completed.
Source: BSE
