Board noted subsidiary ARAPL Raas executed term sheet for ₹48 crore fundraise from Sai Green Projects.
Post-fundraise, company's stake in subsidiary to drop from 83.54% to 42.50%, changing status to associate.
Board approved ₹50 crore interest-free loan from promoters and ₹100 crore transactions with ARAPL Raas for FY27.
Extraordinary General Meeting to be convened for shareholder approval of all proposals.