Summary
QIP Details
Type of Issuance: Equity Shares of face value ₹2 each
Total Amount Raised / Intended to Raise: [Not Specified - amount to be determined]
Number of Securities Issued: [Not Specified - to be determined during placement]
Face Value and Issue Price: Face value ₹2 per share. Floor Price approved at ₹1,947.70 per Equity Share. The Company may offer a discount of not more than 5% on the floor price. The final issue price will be determined in consultation with Lead Managers.
Premium: The floor price represents a significant premium to the face value of ₹2 per share.
Names of Allottees: [Not Specified - allottees not disclosed in this announcement]
Timeline and Approval References:
- Board of Directors approval: August 10, 2026
- Shareholders' approval via postal ballot: September 11, 2026
- Investment Committee – Strategic Business meeting: September 17, 2026 (commenced 5:45 PM, concluded 6:15 PM)
- Relevant Date for pricing: September 17, 2026
- Trading window closure: From September 15, 2026 until further notice
- Preliminary Placement Document filing: September 17, 2026 with BSE and NSE
Purpose of the QIP: [Not Specified - purpose not mentioned in this announcement]
Post-QIP Shareholding Pattern: [Not Specified - not disclosed in this announcement]
Other Announcements in the Document
The document does not contain any unrelated announcements such as management changes, auditor resignations, or other regulatory updates. It focuses exclusively on the QIP process and related compliance matters.