Date: 16th August 2026
Board Meeting Outcomes
- The Company received final comments from Securities and Exchange Board of India (SEBI) on the draft letter of offer for open offer to acquire 26% equity shares from public shareholders of Premier Explosives Limited (PEL)
- SEBI communication was received via letter dated August 14, 2026, through merchant bankers, and received by company on August 16, 2026
- The open offer process is being conducted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST)
- Company will take further steps as recommended by SEBI and as required under the open offer process
Contextual Background
- This disclosure is made in continuation to previous announcement dated July 9, 2026 regarding the open offer for acquisition of PEL shares
- Disclosure is made pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations