Nature of the Disclosure
Corrigendum to the Notice of Extra Ordinary General Meeting and detailed explanatory statement for shareholder approval of Foreign Currency Convertible Bonds (FCCBs) issuance.
Key Figures and Amounts
- Proposed FCCB issuance amount: USD 15 Million (US Dollars Fifteen Million Only)
- Maximum amount to be raised: Not exceeding USD 15 million or equivalent in Indian rupees/other currencies
Dates and Timeline
- Original Notice Date: 4th July 2026
- EGM Date: Friday, 31st July 2026 at 12:00 NOON IST
- Dispatch Date to Shareholders: 9th July 2026
- Remote e-voting period: Tuesday, 28th July 2026 (09:00 a.m.) to Thursday, 30th July 2026 (05:00 p.m.)
- Cut-off date for voting rights: Friday, 24th July 2026
- Register of Members closure: Saturday, 25th July 2026 to Friday, 31st July 2026 (both days inclusive)
Purpose and Objects of Issue
The proceeds from the FCCB issuance are intended for:
- Expanding and strengthening global operations and footprint
- Establishing and consolidating presence in identified overseas markets
- Enhancing international market penetration and broadening global customer base
- Funding capital expenditure, acquisitions, or business expansion initiatives in international markets
- Exploring and entering new geographies and sectors aligned with long-term strategic growth objectives
Transaction Details
- Securities: Unsecured and/or secured, listed and/or unlisted Foreign Currency Convertible Bonds
- Denomination: Foreign currency(ies) or equivalent in Indian rupees or any combination
- Issuance method: Private placement or other permissible methods
- Pricing: To be determined by Board based on prevailing market conditions and valuation reports
- Conversion: Equity shares upon conversion will rank pari passu with existing equity shares
- Relevant date for pricing: Date of Board meeting deciding to open the issue or date when holders become entitled to apply for underlying equity shares
Voting and Meeting Arrangements
- Meeting conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
- Scrutinizer: Mrs. Priti Jajodia (Practising Company Secretary), COP no. 19900
- E-voting service provider: MUFG Intime India Private Limited
- Physical attendance dispensed with, no proxy facility available
- Body corporates may appoint authorized representatives to attend via VC/OAVM
Governance and Approvals
- Board approval obtained on July 04, 2026
- Shareholder approval required via Special Resolution
- No directors, KMPs, or their relatives are interested in the resolution except to the extent of their shareholding
- Board authorized to delegate powers to directors, committees, executives, or officers
- All necessary regulatory approvals from SEBI, RBI, and other authorities to be obtained
Additional Information
- The corrigendum forms an integral part of the original notice
- Documents available for inspection electronically until July 04, 2026
- Detailed remote e-voting instructions provided for NSDL and CDSL shareholders
- InstaMeet facility available for shareholders to attend the EGM virtually
- Helpdesk contacts provided for technical support during e-voting and meeting attendance