Scrip Symbol

DIACABS

Key Resolution Details

The company seeks approval for:

  • Raising funds by way of issuance of Equity Shares through Qualified Institutions Placement (QIP)
  • Aggregate amount not exceeding ₹2,000 Crore (Rupees Two Thousand Crore only)
  • Issuance in one or more tranches
  • Special resolution required for approval

Voting Details

  • Electronic Voting Sequence Number (EVSN): 9818
  • Remote e-voting commencement: Saturday, June 20, 2026 (9:00 a.m. IST)
  • Remote e-voting end: Sunday, July 19, 2026 (5:00 p.m. IST)
  • Results announcement: On or before Tuesday, July 21, 2026
  • Cut-off date for eligibility: Wednesday, June 17, 2026

Share Capital Details

  • Shareholders to vote for fully paid-up shares of ₹1 each
  • Voting rights proportional to shareholding in paid-up equity share capital as of cut-off date

Purpose and Utilization of Proceeds

The proceeds are intended for:

  • Investments in subsidiaries, joint ventures, and/or associates
  • Funding growth of existing businesses, including expansion and strategic acquisitions
  • Capital expenditure for plant & machinery, infrastructure, and R&D
  • Prepayment/repayment of existing borrowings (secured and unsecured)
  • Meeting working capital requirements and general corporate purposes

Key Terms and Conditions

  • Equity Shares of face value ₹1 each to be issued to Qualified Institutional Buyers (QIBs)
  • Allotment to be completed within 365 days from resolution date
  • Discount not exceeding 5% on floor price permitted
  • Minimum 10% allocation to Mutual Funds required
  • No allotment to promoters or related parties
  • Single allottee cannot exceed 50% of issue size
  • Minimum allottees: 2 (if issue size ≤ ₹250 Crore) or 5 (if issue size > ₹250 Crore)
  • Lock-in period: 1 year from allotment date
  • Credit rating agency to monitor use of proceeds quarterly

Background and Context

  • Board meeting held on June 18, 2026 approved enhancement from previous ₹1,000 Crore limit
  • Previous shareholder approval obtained on December 17, 2025 for ₹1,000 Crore QIP
  • Enhancement required to achieve minimum public shareholding requirements post-CIRP completion
  • Provides flexibility for appropriate issue size based on market conditions

Document Availability

The Notice is available on:

  • Company website: https://dicabs.com/investor/general-meeting-records/
  • KFin Technologies website: https://evoting.kfintech.com/
  • Stock exchange websites: BSE and NSE

Scrutinizer Appointment

Mr. Ashish Shah, Practicing Company Secretary (Membership No.: 5974) appointed as Scrutinizer for the postal ballot process.

Financial Impact

The fund raising of up to ₹2,000 Crore will significantly strengthen the company's capital base and financial flexibility. Specific financial impact will be determined based on final issue size, pricing, and utilization of proceeds.