The Board inter alia considered and approved fund-raising through the following mechanisms:
- Issue of 96,00,000 equity shares of ₹10 each at par on a preferential basis to promoter and promoter group. This issuance is pursuant to the conversion of unsecured loan.
- Issue of 1,00,00,000 convertible warrants into equity shares of ₹10 each at par on a preferential basis for cash consideration to promoter and promoter group.
- Issue of 40,00,000 equity shares of ₹10 each at par on a preferential basis for cash consideration to non-promoter public category.
An Extraordinary General Meeting (EGM) of the company has been scheduled for Friday, 6th November 2026 at 12:30 pm to be conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) to seek shareholder approval for these transactions.
The relevant date for determining the issue price for the preferential issues has been fixed as 7th October 2026.
This disclosure is signed by Anjali Gurnani, Company Secretary, and dated 15th October 2026.