Key Quantitative Figures

The Board approved the following terms for the Rights Issue:

  • Instrument: Partly Paid-up Equity Shares of ₹0.5 each
  • Total Number of Shares: 3,00,00,000 (3 crore) Equity Shares of face value ₹1 each with a premium of ₹14 per share
  • Issue Size: Aggregate amount not exceeding ₹4500 Lakhs (₹45 crore)
  • Issue Price: ₹15 per equity share (₹1 face value + ₹14 premium)
  • Rights Entitlement Ratio: 3 Rights Equity Shares for every 8 fully paid-up Equity Shares held

Note: All figures marked with an asterisk () assume full subscription and are subject to finalization of the Basis of Allotment.*

Parties Involved

  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Depositories: NSDL, CDSL (for credit of Rights Entitlements)
  • Company Representative: Rajan Singh, Company Secretary & Compliance Officer (ACS: 35350)

Additional Details

  • The Rights Entitlements will be credited in dematerialized form to eligible shareholders' Demat accounts prior to the issue opening date
  • ISIN for Rights Entitlement: INE281A20018
  • The company has provided Annexure-A with additional details as required under Regulation 30 read with SEBI circular dated January 30, 2026
  • This is a continuation of previous intimations dated February 11, 2026 and April 24, 2026 regarding board approval for the rights issue

Annexure-A Details

  • Type of Securities: Equity Shares
  • Type of Issuance: Rights Shares
  • Total Number/Size: 3,00,00,000 Equity Shares of face value ₹1 each and premium of ₹14 per share, for an aggregate amount not exceeding ₹4500 Lakhs (*Assuming full subscription. Subject to finalisation of the Basis of Allotment)