Key Approvals and Dates
- Board of Directors initially approved the QIP at its meeting held on May 24, 2026
- Shareholders approved the QIP through a special resolution passed by postal ballot dated June 30, 2026
- QIP Committee meeting held on July 14, 2026 (today) from 06:45 p.m. to 07:00 p.m.
- QIP Committee authorized opening of the Issue on July 14, 2026
Pricing Details
- Floor price for the Issue: ₹230.79 per equity share (face value ₹5 each)
- Floor price calculated based on SEBI ICDR Regulations pricing formula
- Relevant date for pricing calculation: July 14, 2026
- Maximum discount allowed: Not more than 5% on the floor price
- Final issue price to be determined in consultation with the book running lead manager (BRLM)
Regulatory Framework
The QIP is being conducted under:
- Chapter VI of SEBI ICDR Regulations, 2018 (as amended)
- Sections 23(1)(b), 42 and 62(1)(c) of Companies Act, 2013
- Rule 14 of Companies (Prospectus and Allotment of Securities) Rules 2014
- Specific reference to Regulation 171(b)(i) and Regulation 176(1) of SEBI ICDR Regulations
Documentation
- Preliminary placement document dated July 14, 2026 approved
- Application form approved for the Issue
- Document to be filed with BSE and NSE on July 14, 2026
- Document available on company website: https://belriseindustries.com
Trading Window Closure
- Trading window for designated persons closed from July 1, 2026
- Closure to continue until 48 hours after approval of Unaudited Financial Results for quarter ending June 30, 2026
- Closure implemented under company's Code of Conduct to Regulate Monitor and Report Trading by Insiders
Submission Details
- Filed with both BSE Limited and National Stock Exchange of India Limited
- Document signed by Siddhesh Sudhir Mandke, Company Secretary, Compliance Officer and Head of Legal (Membership No. A20101)
- Digital signature timestamp: July 14, 2026 at 19:05:31 +05:30