Summary of Key Information:

Reporting Period: Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30

Key Financial Highlights:

Not Specified

Corporate Actions:

Preferential Issue Approval:

  • Total issue size: 59,76,096 equity shares of face value ₹10 each
  • Issue price: ₹502 per share (including premium of ₹492 per share)
  • Total consideration: ₹300,00,00,192 (₹300 crore)
  • Breakdown:
  • Promoter & Promoter Group: 3,98,406 shares for ₹19,99,99,812
  • Non-Promoter Group: 55,77,690 shares for ₹280,00,00,380

EGM Arrangements:

  • Extraordinary General Meeting scheduled: Saturday, 27th June 2026 at 1:00 PM
  • Meeting mode: Video conferencing/audio-visual means
  • Cut-off date for voting eligibility: Saturday, 20th June 2026

Committee Appointments:

  • Scrutinizer appointment: M/s. Kapil Kumar & Co. (Kapil Kumar, M No: 40929, CP No: 18416)
  • Fund-Raising Committee constituted with delegated powers for preferential issue process
  • Stakeholders' Relationship Committee and CSR Committee reconstituted effective 03.06.2026 with new members: Mr. Bhisham Kumar Gupta and Mr. Ashwani Kumar Prabhakar

Fee Revision:

  • Revision in sitting fees payable to Independent Directors for committee meetings effective 03.06.2026

Valuation:

  • Registered Valuer: Mr. Rajneesh Sharma (Registration No. IBBI/RV/03/2021/14143)
  • Valuation conducted for equity shares for preferential allotment

Investor Details (Non-Promoter Group):

23 investors across multiple categories:

  • Mutual Funds
  • Alternative Investment Funds (Category II & III)
  • Foreign Portfolio Investors (Category I)
  • Body Corporate
  • Public

Major Allottees (Post-allotment holding):

1. Kotak Mahindra Trustee Co Limited: 48,11,092 shares (6.39%)

2. ValueQuest India Inflexion Fund: 9,96,020 shares (1.32%)

3. WhiteOak Capital India Opportunities Fund: 7,82,123 shares (1.04%)

4. ValueQuest India G.I.F.T. Fund: 7,42,031 shares (0.99%)

5. 360 ONE PIPE Fund: 4,98,007 shares (0.66%)

6. Ashoka WhiteOak ICAV - Emerging Markets Equity Fund: 4,72,936 shares (0.63%)

Promoter Group Details:

Investor: Krishan Lalit Bansal

  • Pre-issue holding: 3,52,00,366 shares (50.82%)
  • Post-issue holding: 3,55,98,772 shares (47.31%)

Other Significant Information:

  • The preferential issue is subject to shareholder approval at EGM and other necessary approvals
  • The company engaged a registered valuer for share valuation
  • Committee reconfigurations and fee revisions effective from meeting date