Kingfa Science & Technology (India) Limited Raises Funds via Preferential Issue

Kingfa Science & Technology (India) Limited has raised funds by issuing up to 14,40,920 equity shares at a price of INR 3,470 per share, aggregating up to INR 499,99,92,400, to non-promoter investors on a preferential basis. The board of directors approved the issue at their meeting held on Friday, 22nd August, 2025, as per Regulation 30 read with Schedule III of the SEBI Listing Regulations. This move is subject to shareholder approval and will be in accordance with the SEBI ICDR Regulations, 2018.

Key Takeaways:

• Kingfa Science & Technology (India) Limited issued up to 14,40,920 equity shares at INR 3,470 per share, aggregating up to INR 499,99,92,400 to non-promoter investors on a preferential basis.
• The issue was approved by the board of directors at their meeting on Friday, 22nd August, 2025.
• The preferential issue is subject to shareholder approval and will be conducted in accordance with the SEBI ICDR Regulations, 2018.
• The funds raised will be utilized for the company's business operations.
• The issue will be made in one or more tranches, subject to the approval of the board.
• The announcement was made to the National Stock Exchange of India on the same day as the board meeting.

Statistics:

• 14,40,920 equity shares to be issued at INR 3,470 per share.
• Total consideration of up to INR 499,99,92,400.
• Funds raised to be utilized for business operations.

Sources:

• National Stock Exchange of India, corporate announcement, dated August 22, 2025.
• Kingfa Science & Technology (India) Limited, intimation dated August 18, 2025.