Date: 08 June 2026
Board Meeting Outcomes
- The company is proceeding with a preferential issue of 11,23,53,236 equity shares as approved in the Extra-Ordinary General Meeting notice dated May 21, 2026
- The issue is being made in accordance with Chapter V of SEBI ICDR Regulations, 2018 and Companies Act, 2013 provisions
Shareholding Pattern Changes (Pre vs Post Preferential Issue)
Pre-Preferential Issue (as of May 15, 2026)
- Total Paid-up Capital: 2,62,08,14,898 equity shares (100%)
- Promoter/Promoter Group Holding: 1,79,47,99,952 shares (68.48%)
- Individual Promoters: 34,36,624 shares (0.13%)
- Bodies Corporate (incl. GDR): 1,79,13,63,328 shares (68.35%)
- Non-Promoter Holding: 82,60,14,946 shares (31.52%)
- Mutual Funds: 17,74,98,071 shares (6.77%)
- Alternate Investment Funds: 10,13,67,010 shares (3.87%)
- Foreign Portfolio Investors: 18,77,55,871 shares (7.16%)
- Insurance Companies: 7,23,24,632 shares (2.76%)
- Indian Public: 18,69,64,739 shares (7.13%)
Post-Preferential Issue (Fully Diluted Basis)
- Total Paid-up Capital: 2,77,45,82,546 equity shares (100%)
- Promoter/Promoter Group Holding: 1,88,13,11,944 shares (67.81%)
- Individual Promoters: 34,36,624 shares (0.12%)
- Bodies Corporate (incl. GDR): 1,87,78,75,320 shares (67.68%)
- Non-Promoter Holding: 89,32,70,602 shares (32.19%)
- Mutual Funds: 17,74,98,071 shares (6.40%)
- Alternate Investment Funds: 10,13,67,010 shares (3.65%)
- Foreign Portfolio Investors: 21,35,97,115 shares (7.70%)
- Insurance Companies: 7,23,24,632 shares (2.61%)
- Indian Public: 18,69,64,739 shares (6.74%)
- Outstanding ESOPs: 4,14,14,412 shares (1.49%)
Proposed Allottees Details
- Grasim Industries Limited (Promoter): Will maintain dominant position with 52.29% stake post-issue (currently 52.27%)
- Suryaja Investments Pte. Ltd. (Promoter Group): Will acquire 0.20% stake
- International Finance Corporation (Non-Promoter): Will acquire 0.93% stake
- IFC is specifically noted as not being a Promoter or member of the Promoter Group and will remain so post-issue