Cemindia Projects Limited disclosed the outcome of its Board of Directors meeting held on 23rd July, 2026 from 3:00 PM to 3:30 PM IST.
Key Decisions
1. Fundraising Approval: The Board considered and approved raising funds through issuance of equity shares (face value ₹1 each) and/or other eligible securities for an aggregate amount not exceeding ₹5,000 Crore (Rupees Five Thousand Crore only).
2. Fundraising Methods: The funds may be raised through qualified institutional placement (QIP) or other permissible modes in accordance with applicable laws, in one or more tranches.
3. Approval Requirements: The fundraising is subject to receipt of necessary approvals including shareholder approval and other regulatory/statutory approvals as may be required.
4. EGM Approval: The Board approved the notice for convening an Extraordinary General Meeting (EGM) to seek shareholder approval for the fundraising transaction.
Meeting Details
- EGM Date: Monday, August 17, 2026
- EGM Time: 11:00 AM IST
- EGM Mode: Video Conferencing or Other Audio-Visual Means
Additional Details from Annexure I
- Type of Issuance: Qualified institutions placement(s), preferential allotment, private placement(s), rights issue and/or any other permitted method, with or without green shoe option
- Issuance Structure: One or more tranches and/or one or more issuances
- Pricing: At such price or prices as may be permissible under applicable law (inclusive of premium)
- Conditions: Subject to market conditions, receipt of necessary corporate and regulatory approvals
- Debt Securities: Details to be decided by the Board or its duly authorized committee at appropriate time