Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting
Date of Board Meeting / Approval: 28 May 2026
Audit Opinion: Not Specified
Auditor’s Comment: Not Specified
Key Financial Highlights:
Standalone Results: Not Specified
Consolidated Results: Not Specified
Segment-wise Performance: Not Specified
Corporate Actions:
- Redemption of 4,18,700 (Four Lakhs Eighteen Thousand Seven Hundred) Optionally Convertible Redeemable Preference Shares (OCRPS) of face value ₹10 each issued at ₹100 per share held by Chemoil Private Limited
- Aggregate redemption value: ₹4,18,70,000 (Rupees Four Crores Eighteen Lakhs Seventy Thousand only)
- Redemption approved pursuant to request from Chemoil Private Limited and in accordance with terms of issue
- Approval for payment of ₹4,18,70,000 towards redemption
- Upon payment completion, OCRPS shall stand redeemed, cancelled and extinguished
- Extension of time for payment of First and Final Call Money for Rights Issue partly paid equity shares by one month
- Additional one-month period granted to shareholders who haven't paid First and Final Call Money
- Partly paid equity shares liable to forfeiture if call money remains unpaid after extended period
- Forfeiture to be in accordance with terms of issue, Letter of Offer, Articles of Association, Companies Act 2013, and SEBI regulations
Other Significant Information:
Authorization: Mr. Vijayakumar, Executive Director, and Company Officers authorized to complete all necessary acts, deeds, matters, filings for implementation
Meeting Timing: Commenced at 4:00 PM, concluded at 4:30 PM