Key Approvals and Actions
Pursuant to prior board approval (June 18, 2026) and shareholder approval via special resolution (July 19, 2026), the Management Committee meeting (held from 10:00 PM to 10:20 PM on July 23, 2026) approved the following:
- Approval and adoption of the preliminary placement document dated July 23, 2026, and the draft application form for qualified institutional buyers.
- Authorization for the opening of the QIP on July 23, 2026.
- Approval of the floor price for the QIP at ₹238.92 per equity share of face value ₹1 each.
Pricing Details
The floor price of ₹238.92 was determined as per Regulation 176 of the SEBI ICDR Regulations. The 'Relevant Date' for the pricing calculation is fixed as July 23, 2026, in accordance with Regulation 171(b)(i) of the SEBI ICDR Regulations. The company may offer a discount of not more than 5% on this floor price. The final issue price will be determined in consultation with the book running lead managers.
Regulatory Compliance and Documentation
The preliminary placement document dated July 23, 2026, is being filed with the exchanges and is available on the company's website at www.dicabs.com. This disclosure is made in compliance with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Trading Window Closure
As per the company's Code of Conduct, the trading window for dealing in securities had been closed from July 1, 2026 (as intimated on June 26, 2026). It will remain closed until 48 hours after the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026, after which it will reopen for all 'Specified Persons'.