Key Event Details

  • Extra-ordinary General Meeting scheduled for Saturday, October 31, 2026 at 11:00 a.m. (IST)
  • Meeting to be conducted through video conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Single special business item: Approval for raising funds up to ₹1000 crore

Fund Raising Proposal

  • Amount: Up to ₹1000 crore (Rupees One Thousand crore only)
  • Instruments: Equity shares, global depository receipts (GDRs), American Depository Receipts (ADRs), foreign currency convertible bonds (FCCBs), convertible securities (including compulsory or optionally convertible preference shares or debentures, warrants, etc), non-convertible debentures along with warrants, or any other equity-linked securities, or any combination thereof
  • Methods: Qualified institutions placement(s) (QIP), preferential allotment, private placement(s), and/or any other method as may be permitted under applicable laws, or any combination thereof
  • Tranches: One or more tranches/issuances, simultaneously or otherwise

Utilization of Proceeds

Net proceeds (after adjustment of expenses related to the Issue) will be utilized towards:

1. Pre-payment and/or repayment of certain outstanding loans of the Company

2. Any other general corporate purposes as may be permissible under applicable law

3. Such other objects as may be permitted under applicable laws

Pending utilization, proceeds may be invested in creditworthy instruments, government securities, debt or other mutual funds, and deposits with scheduled commercial banks and highly rated financial institutions.

Key Terms and Conditions

  • Securities will be in dematerialized form
  • Equity shares allotted will rank pari passu with existing equity shares
  • Board authorized to determine all terms including pricing, number of securities, class of investors, conversion terms, etc.
  • For QIP issues: Minimum 10% allocation to Mutual Funds, maximum 5% discount on floor price, no allotment to promoters or related parties
  • Conversion terms include adjustments for bonus issues, rights issues, mergers, amalgamations, or other corporate actions

Regulatory Framework

The issuance is subject to compliance with:

  • Companies Act, 2013 and relevant Rules
  • SEBI ICDR Regulations, 2018
  • SEBI Listing Regulations, 2015
  • SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
  • Foreign Exchange Management Act, 1999 and relevant rules
  • RBI regulations and other applicable laws

Voting Arrangements

  • E-voting facility provided by National Securities Depository Limited (NSDL)
  • Remote e-voting period: October 28, 2026 (9:00 A.M.) to October 30, 2026 (5:00 P.M.)
  • Record date for voting rights: October 24, 2026
  • Scrutinizer appointed: M/s BNP and Associates
  • Physical attendance dispensed with due to VC/OAVM meeting

Additional Notes

  • The meeting is conducted under MCA General Circular Nos. 14/2020, 17/2020, and 03/2025, and SEBI Circular dated May 12, 2020
  • Proxy facility not available for this EGM
  • Notice sent only through electronic mode to registered email addresses
  • Large shareholders (holding 2% or more), promoters, institutional investors can attend without first-come-first-served restriction