KDDL Ltd Rights Issue

About Company - KDDL Ltd

About KDDL Ltd Right Issue

KDDL Limited (Kamla Dials and Devices Limited), an Indian watch manufacturing company, is preparing for the Rights Issue of 10,86,956 shares at Rs 230 per share (including face value of Rs 10 and premium of Rs 220 per share). The KDDL Limited Rights Issue will begin on 9th April and concludes on 23rd April 2021. The company will issue 7 right issues for every 75 fully paid-up shares held on or before the record date, 31st March 2021. Scroll the page to know more about KDDL Limited Right Issue, including business overview, financials, strengths, risks, tentative timeline, and more.

About the Company - KDDL Limited

KDDL Limited is mainly into the manufacturing of watch components and precision engineering products. Their expertise is in manufacturing watch components, i.e., watch dials and watch hands, over three decades and is one of India’s leading watch components manufacturers for others. The watch components are manufactured across different states of India, such as Parwanoo, Himachal Pradesh Derabassi Punjab, and Bengaluru, Karnataka. KDDL Ltd has its presence outside of India's boundary because it has acquired Estima AG, an established maker of watch hands in Switzerland, to establish itself in the European market.

Their presence is also in other industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defense industry through precision engineering product manufactured at our precision stamping division facility in Bengaluru, Karnataka and supplies critical products like electrical connectors and terminals, component of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for the automobile sector, etc.