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