Nature and Purpose of the Meeting
The QIP Committee meeting was held to consider and approve matters related to the qualified institutional placement (QIP) of equity shares. The meeting was conducted pursuant to approvals from the Board of Directors (August 19, 2026) and shareholders through postal ballot (September 19, 2026).
Details of Resolutions Passed
- Authorization for opening of the QIP issue on September 22, 2026
- Approval of floor price of ₹3,648.43 per equity share of face value ₹1 each
- Adoption of the preliminary placement document dated September 22, 2026, together with the application form
- Fixed September 22, 2026 as the 'relevant date' for the purpose of the Issue
- The company may offer a discount of not more than 5% on the floor price
- The final issue price will be determined in consultation with the Lead Managers
Financial Impact
- Total capital raised amount is not specified in the document
- Floor price per share: ₹3,648.43
- Maximum possible discount: 5% on floor price
Timing of the Meeting
- Commencement: 07:15 pm (IST)
- Conclusion: 07:45 pm (IST)
Compliance References
- SEBI ICDR Regulations, 2018 (Chapter VI)
- Companies Act, 2013 (Sections 42 and 62)
- Regulation 171(b)(i) of SEBI ICDR Regulations
- Regulation 176(1) of SEBI ICDR Regulations
- SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 (Regulation 30)
Other Material Disclosures
- Trading window is closed for all Designated Persons and their immediate relatives until 48 hours after determination of issue price
- Preliminary placement document will be filed with BSE and NSE on September 22, 2026
- Disclosure and document will be hosted on company website: https://www.adityagroup.com/
Information Not Covered
- Specific quantity of shares to be issued
- Names of lead managers
- Expected timeline for completion of the issue
- Intended use of proceeds from the fundraise