Penny Stock Under Rs 10: Paint Company to Invest Rs 13.01 Crore in Subsidiary via Rights Issue; Stock Gains 2.56%
Join Us
Follow Us
Kamdhenu Ventures Ltd climbs 2.56 per cent after approving a Rs 13.01 crore rights issue investment in its subsidiary, boosting investor sentiment in the coatings space.
✨ AI Powered Summary
Kamdhenu Ventures Ltd has approved a significant investment in its wholly owned subsidiary, Kamdhenu Colour and Coatings Ltd, through a rights issue, reinforcing its commitment to strengthening its value chain in the coatings and paints segment.
The decision was taken at the Board of Directors meeting held on Friday, April 10, 2026, where the company approved subscribing to 3,614 equity shares offered under a rights issue. The shares are priced at Rs 36,000 per share, comprising a face value of Rs 10 and a premium of Rs 35,990 per share. The total investment amounts to Rs 13,01,04,000 (Rupees Thirteen Crore One Lakh Four Thousand only).
This strategic infusion of capital into its wholly owned subsidiary is aimed at supporting business expansion, operational strengthening, and potential capacity enhancement within the coatings vertical. The move also highlights the company’s intent to streamline its subsidiary’s financial structure while supporting long-term growth opportunities in the decorative and industrial coatings space.
About Kamdhenu Ventures Ltd
Kamdhenu Paints is one of India’s fast-growing decorative paint companies, known for offering a wide range of affordable and quality paint solutions. The company is part of the Kamdhenu Group and began its journey in 2008 with the aim of making high-quality paints accessible to every Indian household.
Over the years, Kamdhenu Paints has built a strong presence across the country with a growing distribution network and increasing customer trust. Its product portfolio includes exterior and interior emulsions, enamel paints, wood coatings, primers, putty, distempers, textures, and designer finishes.
Kamdhenu Ventures Ltd Share Price Performance
As of the latest trading session, Kamdhenu Ventures Ltd’s share closed at Rs 5.60, up 0.14 or 2.56 per cent. The stock opened at Rs 5.62, touched an Intraday high of Rs 5.72, and a low of Rs 5.48. The previous close stood at Rs 5.46.
On a broader time frame, the stock has declined 7.13 per cent year-to-date and is down 42.68 per cent over the past one year, reflecting sustained weakness despite periodic short-term recoveries.
Disclaimer: The article is for informational purposes only and not investment advice.