Arcotech Limited has provided prior intimation of a Board of Directors meeting scheduled for Monday, 7th September, 2026. The meeting agenda includes three key items:
Fundraising Consideration
The Board will consider raising funds through issuance of equity shares, warrants, convertible securities, or any other eligible securities through various permissible methods including:
- Rights Issue
- Preferential issue
- Qualified Institutional Placement
- Combination of these methods
- Other modes as decided by the Board
The fundraising may be conducted in one or more tranches and is subject to regulatory/statutory approvals including approval from shareholders of the Company. The issuance will comply with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and all other applicable laws.
Authorized Share Capital Increase
The Board will note and consider increasing the Authorized Share Capital of the Company and simultaneously altering the Memorandum of Association of the Company. This action is subject to receipt of necessary approvals including approval from Members of the Company and other Regulatory/Statutory approvals as may be required.
Preference Share Variation
The Board will consider variation/alteration in terms of existing Redeemable Preference Shares (Non-Convertible, Non-Cumulative) to convert them into Optionally Convertible Redeemable Preference Shares (OCRPS). This change will require consequential changes in the authorized share capital of the Company and is subject to compliance with applicable provisions of law and regulations, including approval of the shareholders.