Date: September 26, 2026

Board Meeting Outcomes

  • The Board of Directors approved the allotment of 10,00,000 equity shares of face value ₹5 each at an issue price of ₹328.25 per share (including premium of ₹323.25)
  • The allotment was made pursuant to the conversion of equity warrants by a warrant holder from the non-promoter category
  • This conversion represents 10,00,000 warrants out of the remaining 86,00,000 warrants previously allotted

Share Allotment Details

  • Type of securities: Equity Shares
  • Type of issuance: Preferential allotment via warrant conversion
  • Total number of securities issued: 10,00,000 equity shares
  • Total consideration: ₹32,82,50,000
  • Allottee: Cupid Limited (Non-Promoter body corporate)
  • Category of investor: Non-Promoter
  • Number of warrants converted: 10,00,000
  • Number of equity shares allotted: 10,00,000
  • Issue price: ₹328.25 per share

Share Characteristics

  • The newly allotted equity shares shall rank pari-passu in all respects with existing equity shares of the company
  • This includes equal dividend rights and voting rights