The Board approved two key items:
1. Preferential Issue of Equity Shares: The Board approved the issuance of up to 24,10,431 equity shares with a face value of ₹10 each at an issue price of ₹115 per share. This includes a premium of ₹105 per share. The total issue size aggregates to ₹27,71,99,565. The shares are to be issued to persons belonging to the Non-Promoter category on a preferential basis for cash. This issuance is subject to approval from shareholders and other required statutory/regulatory approvals.
2. Extraordinary General Meeting: The Board approved convening an Extraordinary General Meeting (EGM) of the company's members on Friday, July 31, 2026, at 12:30 PM. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
The Board meeting commenced at 3:00 PM and concluded at 5:00 PM on July 2, 2026.
The disclosure includes Annexure A, which provides details required under SEBI regulations for preferential issues. The annexure lists potential allottees including Vijay Rathee, Vijaylaxmi Infra Projects Private Limited, Swapneel Pradeep Rane, Jayaram Chitturi, Vashi Neha Parimal, Padamavathi Chitturi, Harshad Santosh Talreja, Shreevardhan Nitin Tupe, Sumit Shrichand Krishnani, Yashvardhan Nitin Tupe, Riya Kishor Rajnani, Neelam R Kohli, Vijay Boloor, Kunal Jeswani, and Jitender N. Kewalraman, along with their proposed allotments and post-issue shareholding percentages (calculated assuming full subscription).
The disclosure was signed by Rishi Upadhaya, Company Secretary and Compliance Officer, and submitted to BSE Limited.