Date: September 24, 2026

Board Meeting Outcomes

  • The company has received in-principle approval from BSE Limited (Letter No. LOD/RIGHT/PB/FIP/824/2026-27) and National Stock Exchange of India Limited (Letter No. NSE/LIST/56947) for its proposed rights issue of fully paid-up equity shares.
  • The approval was granted on September 24, 2026, based on the company's application dated August 17, 2026.

Fundraising / Financing

  • The proposed rights issue involves issuing up to [●] fully paid equity shares of face value ₹10 each for cash at a price of [●] per rights equity share (including a premium of ₹[●] per share).
  • The total issue size aggregates up to ₹49.75 crores.
  • The rights issue will be offered to eligible equity shareholders in the ratio of [●] rights equity shares for every [●] equity shares held on the record date.

Conditions and Compliance Requirements

  • The company must fix a record date for the rights issue with at least three working days' advance notice to the exchanges.
  • The rights issue price must be intimated to the exchange at least 3 working days prior to the record date.
  • The company must comply with all legal and statutory formalities before finalizing offer documents.
  • The company must ensure posting of letter of offer & composite application form is completed.
  • The company must have agreements with all depositories for dematerialization of securities and give investors the option to receive allotment in dematerialized form.
  • The basis of allotment must be approved by the Designated Stock Exchange, even in case of under-subscription.
  • The company must have a qualified Company Secretary as Compliance Officer as per Regulation 6(1) of SEBI LODR Regulations.
  • The company must make payment of all applicable charges levied by the exchange.
  • The company must comply with Sections 186 and 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations before filing listing application.
  • The company must procure a certificate from Secretarial Auditor confirming ODI compliance before filing listing application.
  • Final listing approval is subject to completing post-issue requirements and complying with necessary statutory, legal & listing formalities.

Disclaimer Requirements

  • The company must include specific disclaimer clauses from both BSE and NSE in its Letter of Offer after SEBI's disclaimer clause.
  • The disclaimers state that exchange approval does not constitute endorsement, certification of correctness, or warranty of continued listing.
  • Similar abbreviated disclaimer language must be included in all advertisements where exchange names are mentioned.

Other Operational Disclosures

  • The registrar to the issue is Bigshare Services Private Limited.
  • The depositories involved are National Securities Depository Limited and Central Depository Services Limited.
  • The exchanges reserve the right to withdraw in-principle approval if submitted information is found incomplete/incorrect/misleading/false or in contravention of rules.
  • The company cannot dematerialize any securities except rights entitlement until further notice from the exchange.