Dhruva Capital Services Limited announced the outcome of its Board of Directors meeting held on November 12, 2026 regarding a qualified institutions placement (QIP) of equity shares.
The Board approved the opening of the QIP issue on November 12, 2026 for an amount not exceeding ₹160,00,00,000 (Rupees One Hundred and Sixty Crore only). This approval follows previous approvals from the Board meeting on September 11, 2026 and shareholders' special resolution dated October 10, 2026.
Key resolutions passed include:
- Authorization to open the QIP issue on November 12, 2026
- Approval and adoption of the preliminary placement document dated November 12, 2026
- Approval of the application form to be circulated to eligible qualified institutional buyers
- Setting of the floor price at ₹78.02 per equity share
The floor price of ₹78.02 per share was calculated based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. The relevant date for the issue is November 12, 2026 as per Regulation 171(b)(i) of the SEBI ICDR Regulations.
The company may offer a discount of not more than 5% on the floor price, as permitted by Regulation 176(1) of the SEBI ICDR Regulations and approved by shareholders through the special resolution dated October 10, 2026.
The final issue price will be determined by the company in consultation with Jajodia Equity Advisors Services Limited, which has been appointed as the book running lead manager for the issue.
In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code, the trading window for designated persons and their immediate relatives remains closed and will continue to be closed until 48 hours after the outcome of the QIP is made public.
The Board meeting commenced at 12:00 p.m. and concluded at 1:20 p.m. on November 12, 2026.