Key Decisions Approved

  • Approval to raise funds not exceeding ₹65,00,00,000 (Rupees Sixty Five crores only) through a Rights Issue to eligible equity shareholders of the Company as on a record date to be notified subsequently.
  • The rights issue will be conducted in accordance with applicable laws including: Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended), SEBI Listing Regulations, relevant SEBI circulars, and Companies Act, 2013.
  • The instrument for the rights issue will be either equity shares or any other convertible instruments.
  • The fundraising is subject to shareholder and regulatory approvals, if required.

Committee Formation

Constitution of a Rights Issue Committee with the following composition:

  • Mr. Nikunj Velji Mange - Chairman
  • Mr. Vaibhav Odhekar - Member
  • Mrs. Kiran Raghavendra awasthi - Member
  • Mr. Balkrishna Subhash Talawadekar - Member

Committee Responsibilities

The Rights Issue Committee is authorized to:

  • Proceed with the Rights Issue process
  • Decide terms and conditions of the Rights Issue
  • Determine the record date
  • Determine the rights issue price
  • Determine the rights entitlement ratio
  • Appoint intermediaries
  • Handle other related matters

Meeting Details

  • Meeting Date: September 12, 2026
  • Commencement Time: 4:00 PM
  • Conclusion Time: 4:30 PM