The Board considered and approved the following items:
1. Fundraising through QIP: The Board approved raising funds aggregating up to ₹200 crores through a Qualified Institutions Placement (QIP) in accordance with Chapter VI of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issuance will include "eligible securities" comprising equity shares, non-convertible debt instruments along with warrants, and convertible securities other than warrants. The approval is enabling in nature and subject to shareholder approval and necessary governmental/regulatory approvals. The specific terms and conditions, including objects of the issue, utilization of proceeds, issue size, pricing, and timing, will be placed before the Board and Audit Committee for approval prior to launch.
2. Convening of EGM: The Board approved convening an Extraordinary General Meeting (EGM) of members through Video Conferencing/Other Audio-Visual Means to seek approval for the proposed QIP. The Directors are authorized to finalize the EGM notice, including meeting date, cut-off/record date, remote e-voting details, and appointment of Scrutinizer.
The disclosure is made pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and is signed by Mautik Ajit Tolia, Managing Director (DIN: 06586383).