Date: October 29, 2026
Board Meeting Outcomes
The company has received 'In-Principle' approval from both National Stock Exchange of India Limited (NSE) and BSE Limited for a proposed preferential issuance of equity shares.
Regulatory & Compliance Disclosure
Approval Details:
- The approval is for the proposed issuance of 8,05,35,651 equity shares of ₹2 each
- The issuance is pursuant to a proposed share swap transaction
- The issuance will be on a preferential basis
- The approval is given under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Exchange Communication References:
- National Stock Exchange of India Limited: Letter no. NSE/LIST/56913 dated October 28, 2026
- BSE Limited: Letter no. LOD/PREF/DA/FIP/1029/2026-27 dated October 28, 2026
Regulatory Context:
- The disclosure serves as formal notification to the listing departments of both exchanges