Key Quantitative Figures
The Company proposes to issue up to 24,00,000 Equity Shares of face value of Rs. 10/- each for cash consideration. The issue price is set at Rs. 34/- per share, aggregating up to Rs. 8,16,00,000/-.
Allottee Details
The shares will be allocated to two investors:
- Omnia Appliances Private Limited: 20,00,000 equity shares
- Anadi Investments Private Limited: 4,00,000 equity shares
Committee Review and Recommendations
The Committee of Independent Directors (IDC) comprising Rajan Agarwal (Chairman) and Sonu Dhariwal reviewed the Valuation Report and relevant documents. The IDC meeting was held on Tuesday, October 13, 2026.
The IDC members confirmed:
- They are only Directors of the Company with no other relationship with the Company
- None traded in the Company's Equity Shares during 12 months prior to October 13, 2026
- No relationship or contracts with the allottees
- No independent advisors were consulted
The IDC voted unanimously in favor of the preferential issuance, recommending that the offer price of Rs. 34/- per share is in line with parameters prescribed under SEBI ICDR Regulations. The Committee confirmed they exercised independent judgment in providing recommendations to the Board of Directors.
Certification
The Committee certified that the information provided is true and correct in all material respects and includes all information required to be disclosed under SEBI ICDR Regulations.