Date: 11th July 2026

Board Meeting Outcomes

This document serves as a corrigendum to correct inadvertent errors in the original Board Meeting Outcome disclosure dated 6th July 2026 regarding a preferential issue of securities.

The revised terms of the preferential issue are as follows:

  • Equity Shares: 2,28,30,902 (Two Crores Twenty Eight Lakhs Thirty Thousand Nine Hundred and Two) Equity Shares for an aggregate amount of ₹951,13,53,773.20 (Rupees Nine Hundred Fifty One Crores Thirteen Lakhs Fifty Three Thousand Seven Hundred Seventy Three and Twenty Paise)
  • Convertible Equity Warrants: 5,69,15,380 (Five Crores Sixty Nine Lakhs Fifteen Thousand Three Hundred and Eighty) Convertible Equity Warrants for an aggregate amount of ₹2371,09,47,308.00 (Rupees Two Thousand Three Hundred Seventy One Crores Nine Lakhs Forty Seven Thousand Three Hundred Eight)

Fundraising / Financing Details

Equity Shares (Annexure-I)

  • Type of Security: Equity Shares
  • Type of Issuance: Preferential issue on private allotment
  • Total Number: 2,28,30,902 shares
  • Aggregate Amount: ₹951,13,53,773.20
  • Issue Price: ₹416.60 per equity share
  • Number of Investors: 55
  • Allottee Category: All allottees are classified as "Non-Promoter"

Convertible Equity Warrants (Annexure-II)

  • Type of Security: Convertible Equity Warrants
  • Type of Issuance: Preferential issue on private allotment
  • Total Number: 5,69,15,380 warrants
  • Aggregate Amount: ₹2371,09,47,308.00
  • Issue Price: ₹416.60 per warrant
  • Number of Investors: 93 (including 22 allottees who are also receiving equity shares)
  • Conversion Terms: Each warrant is convertible into 1 fully paid-up equity share of face value ₹1, exercisable in one or more tranches during 12 months commencing from the date of allotment

Allottee Information

Equity Share Allottees (Annexure-III)

The 55 allottees include institutional investors and individuals, all classified as Non-Promoters. Major allottees include:

  • Saint Capital Fund: 50,00,000 shares
  • Nautilus Private Capital Ltd: 25,00,000 shares
  • Maestro Emerging Fund PCC - Value Investing: 25,00,000 shares
  • Robust Knights Fund PCC - Cell 1: 25,00,000 shares
  • M7 Global Fund PCC-Cell Dewcap Fund: 25,00,000 shares
  • Cullinan Opprts Fund VCC: 25,00,000 shares
  • Tata Mutual Fund (through Tata Business Cycle Fund): 12,00,000 shares

Convertible Warrant Allottees (Annexure-IV)

The 93 allottees include both Promoter and Non-Promoter categories. Major allottees include:

  • Opal Global Diversified Fund Limited: 1,20,00,000 warrants (Non-Promoter)
  • Cullinan Opprts Fund VCC: 45,00,000 warrants (Non-Promoter)
  • Nautilus Private Capital Ltd: 25,00,000 warrants (Non-Promoter)
  • Maestro Emerging Fund PCC - Value Investing: 25,00,000 warrants (Non-Promoter)
  • Robust Knights Fund PCC - Cell 1: 25,00,000 warrants (Non-Promoter)
  • M7 Global Fund PCC-Cell Dewcap Fund: 25,00,000 warrants (Non-Promoter)
  • Chanakya Reddy Baddam: 1,30,50,000 warrants (Promoter)
  • Kanishka Reddy Baddam: 1,30,50,000 warrants (Promoter)