Key Event Details

  • EGM Date: Monday, August 17, 2026 at 11:00 AM
  • Meeting Mode: Video Conferencing/Other Audio-Visual Means as per MCA and SEBI circulars
  • Cut-off Date: Monday, August 10, 2026 for determining members eligible to vote
  • Remote e-Voting Period: Thursday, August 13, 2026 (9:00 AM) to Sunday, August 16, 2026 (5:00 PM)

Capital Raising Proposal

Resolution Type: Special Resolution

Purpose: To approve raising capital through issuance of various securities for an aggregate amount up to ₹5,000 crore (Rupees Five Thousand Crore only).

Instruments Proposed

  • Equity shares (fully or partly paid-up)
  • Securities convertible into equity shares (warrants, fully/partly/optionally convertible debentures/preference shares)
  • Non-convertible debentures with or without warrants
  • Redeemable preference shares
  • Global Depository Receipts (GDRs)
  • American Depository Receipts (ADRs)
  • Foreign Currency Convertible Bonds (FCCBs)
  • Foreign currency exchange bonds
  • Any combination of the above securities

Fundraising Methods

  • Public issue including Further Public Offer (FPO) - fast track or normal route
  • Rights issue
  • Private placement through preferential allotment
  • Qualified Institutions Placement (QIP)
  • Other private placements
  • Offshore offerings
  • Any other permissible mode

Investor Categories

  • Institutional investors (QIBs, FPIs, AIFs, mutual funds, venture capital funds, multilateral financial institutions, insurance companies, banks, pension funds)
  • Non-institutional investors
  • Retail investors
  • Hindu undivided families
  • Any other categories permitted under applicable laws

Key Terms and Conditions

General Terms

  • Securities to be issued in dematerialized form
  • Equity shares to rank pari passu with existing shares
  • Price determination at Board's discretion considering market conditions
  • May be denominated in Indian rupees or foreign currency
  • May include green shoe option

QIP Specific Terms (if applicable)

  • Allotment only to Qualified Institutional Buyers (QIBs)
  • Completion within 365 days from shareholder approval
  • Lock-in period of one year from allotment date
  • No single allottee to receive more than 50% of issue size
  • Minimum 10% allocation to mutual funds
  • Pricing as per Regulation 176 of ICDR Regulations with up to 5% discount permitted
  • No allotment to promoters or related parties
  • Tenure of convertible securities not to exceed 60 months
  • Credit rating agency to monitor use of proceeds

FPO Specific Terms (if applicable)

  • Price determination through book building process
  • Reservation for eligible employees and promoters permitted
  • Discount to retail individual bidders or eligible employees allowed

International Offerings Terms

  • FCCBs, GDRs, ADRs subject to FCCB Scheme and DR Scheme
  • Equity shares upon conversion to rank pari passu with existing shares
  • Board authorized to facilitate exit through GDRs/ADRs

Use of Proceeds

Funds to be utilized for:

  • Organic and inorganic growth opportunities
  • Repayment/prepayment of loans of Company or subsidiaries
  • Capital expenditure requirements for business upgradation and expansion
  • Acquisitions
  • Direct or indirect investment in subsidiaries or associate companies
  • General corporate purposes
  • Any other purposes as permitted under applicable laws

Pending utilization, proceeds may be invested in creditworthy instruments, bank deposits, debt mutual funds, or other permitted securities.

Regulatory Framework

The issuance is subject to compliance with:

  • Companies Act, 2013 and relevant Rules
  • SEBI ICDR Regulations, 2018
  • SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
  • Foreign Exchange Management Act, 1999 and relevant Rules/Regulations
  • FCCB Scheme, 1993
  • Depository Receipts Scheme, 2014
  • Consolidated FDI Policy
  • Approvals from MCA, RBI, SEBI, Stock Exchanges, ROC, and other regulatory authorities

Board Authorities Sought

  • Determination of final terms, conditions, and timing of issuance
  • Appointment of intermediaries (book running lead managers, underwriters, depositories, custodians, registrars, bankers, lawyers, advisors, etc.)
  • Negotiation and execution of all transaction documents
  • Opening of bank accounts including escrow accounts
  • Delegation of powers to committees/directors/officers
  • Acceptance of modifications required by regulatory authorities

Voting Arrangements

Scrutinizer Appointment

Mr. P. N. Parikh (Membership No. FCS 327) or failing him Mr. Mitesh Dhabliwala (Membership No. FCS 8831) or failing him Ms. Sarvari Shah (Membership No. FCS 9697) of M/s Parikh & Associates appointed as Scrutinizer.

Voting Methods

  • Remote e-Voting: Through NSDL platform from August 13-16, 2026
  • e-Voting during EGM: For members attending meeting who haven't voted remotely
  • Results: To be declared within 2 working days after EGM and posted on company website and stock exchange websites

Meeting Participation

  • Maximum 1,000 members on first-come-first-served basis (excluding large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
  • Members must register in advance to speak during meeting
  • Quorum requirements as per Section 103 of Companies Act, 2013

Additional Information

  • Company CIN: L61000MH1978PLC020435
  • Company Secretary: Rahul Neogi (Membership No. A10653)
  • Notice available on company website and stock exchange websites
  • No physical attendance or proxy facility available due to virtual meeting format

Financial Impact

The capital raising of up to ₹5,000 crore may result in equity dilution depending on the instrument mix and pricing determined by the Board. Specific financial impact will be quantified in the relevant offer documents at the time of actual issuance.