Key Resolution

Special Resolution for raising capital through issuance of Equity Shares and/or other Eligible Securities for an aggregate amount not exceeding ₹600 Crores (Rupees Six Hundred Crores only).

Proposed Instruments and Methods

The capital can be raised through one or more of the following methods:

  • Qualified Institutions Placement (QIP) to qualified institutional buyers
  • Preferential allotment basis
  • Public/private offerings
  • Rights issue to existing shareholders
  • Issue of Global Depository Receipts (GDRs), American Depository Receipts (ADRs)
  • Foreign Currency Convertible Bonds (FCCBs)
  • Convertible/redeemable preference shares
  • Fully/partially convertible debentures
  • Composite issue of non-convertible debentures with warrants

Purpose of Fundraise

As per the explanatory statement, the funds will be utilized for:

  • Strengthening manufacturing capabilities across Textile and Advanced Materials business
  • Augmenting long-term resources
  • Meeting near-term working capital requirements
  • Deleveraging
  • Repayment/prepayment of debt of the Company and/or its subsidiaries
  • General corporate purposes

Key Terms and Conditions

  • Maximum aggregate amount: ₹600 Crores
  • Can be raised in one or more tranches
  • May include green shoe option
  • Can be denominated in Indian rupees or foreign currency
  • Completion period: Within 365 days from date of shareholder approval for QIP
  • Equity shares issued will rank pari-passu with existing shares

QIP Specific Requirements (if applicable)

  • Minimum 10% allotment to mutual funds
  • No single allottee can receive more than 50% of issue size
  • No allotment to promoters or persons related to promoters
  • Securities not eligible for sale for one year from allotment date
  • Pricing at or above QIP Floor Price as per SEBI ICDR Regulations
  • Discount of up to 5% permitted on floor price

Voting Schedule

  • Cut-off date for voting rights: Tuesday, 30th June, 2026
  • Remote e-voting commencement: Saturday, 4th July, 2026 (09:00 a.m.)
  • Remote e-voting end: Sunday, 2nd August, 2026 (05:00 p.m.)
  • Result declaration: Within 2 working days from closure of e-voting

Scrutinizer Appointment

Mr. Hitesh Buch, proprietor of M/s. Hitesh Buch & Associates, Practicing Company Secretaries (COP No. 8195) appointed as scrutinizer.

E-Voting Arrangements

National Securities Depository Limited (NSDL) engaged to provide e-voting facility at www.evoting.nsdl.com.

Impact on Capital Structure

  • The issue will result in dilution of existing shareholders' position
  • Exact extent of dilution will be determined upon finalization of issue size and price
  • Promoters and promoter group will not participate, leading to reduction in their percentage shareholding

Additional Information

  • Company confirms no funds raised through preferential allotments or QIP in last three years
  • Detailed terms and conditions will be determined by Board considering market conditions
  • Necessary disclosures will be made to stock exchanges as required under SEBI Listing Regulations
  • Board meeting held on 3rd July, 2026 approved the capital raising proposal