Date: July 9, 2026

Board Meeting Outcomes

  • Investment and Finance Committee approved allotment of 15,810,276 Equity Shares of face value ₹2 each
  • Issue price: ₹506.00 per Equity Share (including premium of ₹504.00 per Equity Share)
  • Discount of ₹25.70 (4.83% of floor price) applied to floor price
  • Total issue size: ₹8,000 million (rupees eight thousand million)
  • Issue opening period: July 6, 2026 to July 9, 2026
  • Committee meeting held on July 9, 2026 from 10:10 PM to 10:25 PM

Financial Impact

  • Paid-up equity share capital increased from ₹346,930,850 (173,465,425 Equity Shares) to ₹378,551,402 (189,275,701 Equity Shares)
  • Capital increase of ₹31,620,552 through the QIP issuance

Allottee Details (Annexure 1)

The following allottees received more than 5% of the Equity Shares offered:

  • Shamyak Investment Private Limited: 5,434,785 shares (34.38% of issue size)
  • Category: Systemically Important Non-Banking Financial Company (SI NBFC)
  • PAN clubbed percentage: 34.38%
  • ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund: 919,996 shares (5.82%)
  • Category: Mutual Fund (MF)
  • Prudential ICICI Manufacturing Fund: 1,287,994 shares (8.15%)
  • Category: Mutual Fund (MF)
  • ICICI Prudential MNC Fund: 331,198 shares (2.09%)
  • Category: Mutual Fund (MF)
  • ICICI Prudential Quant Fund: 36,800 shares (0.23%), but PAN clubbed total of 5,335,974 shares (33.75%)
  • Category: Mutual Fund (MF)
  • ICICI Prudential Equity Savings Fund: 919,996 shares (5.82%)
  • Category: Mutual Fund (MF)
  • ICICI Prudential Value Fund: 1,655,991 shares (10.47%)
  • Category: Mutual Fund (MF)
  • ICICI Prudential Quality Fund: 183,999 shares (1.16%)
  • Category: Mutual Fund (MF)

Additional Information

  • Company CIN: L99999MH1968PLC014154
  • Manufacturing units located at Shahad, Ambernath, and Mahad