Key Decision: Rights Issue Approval
The Board of Directors, at its meeting held at the Corporate Office, approved raising funds through a Rights Issue of fully paid-up equity shares. The key details of the issue are:
- Face Value: ₹10 per equity share
- Maximum Aggregate Amount: ₹50 Crores (Rupees Fifty Crores Only)
- Purpose: To achieve the minimum public shareholding threshold under applicable regulatory requirements and to fund the business requirements of the Company.
- Eligibility: The issue will be made to the eligible equity shareholders of the Company.
Board Authorizations
The Board accorded all necessary approvals and authorizations required for the proposed Rights Issue, including:
- Authorization to undertake requisite actions for the issue.
- Appointment of intermediaries and advisors.
- Obtaining necessary statutory and regulatory approvals for implementation.
Meeting Logistics
The Board Meeting commenced at 12:10 P.M. and concluded at 1:25 P.M. on Tuesday, May 26, 2026.