Board Meeting Details
The Board of Directors meeting was held on July 01, 2026, commencing at 2:30 p.m. and concluding at 3:45 p.m.
Key Decisions Approved
1. Fundraising Approval
The Board approved raising funds through issuance of securities for an aggregate amount not exceeding ₹10,000 crore (Rupees Ten Thousand Crore only).
Specific Details:
- Securities to be issued: Equity shares (face value ₹10 each) and/or other eligible securities or any combination thereof
- Fundraising methods: Qualified Institutional Placement (QIP) or other permissible modes in accordance with applicable laws
- Structure: May be conducted in one or more tranches
- Conditions: Subject to receipt of necessary approvals including shareholder approval and other regulatory/statutory approvals
2. Extraordinary General Meeting Approval
The Board approved convening an Extra-ordinary General Meeting (EGM) of the Company on Saturday, July 25, 2026. The meeting will be conducted through video conferencing or other audio visual means to seek necessary member approval for the aforementioned securities issuance.
Regulatory Compliance Details
The disclosure includes Annexure A with details required under Regulation 30 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026:
- Type of securities: Equity Shares and/or other eligible securities or any combination thereof in accordance with applicable law, in one or more tranches
- Type of issuance: Qualified institutional placements (QIP) in accordance with Chapter VI of SEBI (ICDR) Regulations, 2018, Section 42 and other applicable provisions of Companies Act, 2013, and Companies (Prospectus and Allotment of Securities) Rules, 2014, or through any other permissible mode and/or combination thereof
- Total amount: Up to ₹10,000 crore or equivalent amount (inclusive of such premium as may be fixed on such Securities) at such price or prices as may be permissible under applicable law
- Additional details for other issuance types: Not Applicable for preferential issue, bonus issue, depository receipts (ADR/GDR) or FCCB
- Debt securities details: To be determined by the Board or a duly constituted committee thereof
- Cancellation/termination: Not Applicable
Trading Window Closure
As previously intimated on June 30, 2026, the trading window for dealing in the securities of the Company shall remain closed from July 01, 2026 onwards. The trading window will re-open from July 24, 2026, which is 48 hours after the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026 are made public.