Key Approval: Fundraising via QIP
The Board considered and approved a proposal to raise funds through Qualified Institutions Placement (QIP) for an aggregate amount not exceeding ₹10,00,00,000,00 (Rupees One Thousand Crore Only).
Securities and Structure
The fundraising may be conducted through:
- Issuance of equity shares of the Company
- Other eligible securities including securities convertible into or exchangeable for equity shares
- One or more tranches and/or issuances
Regulatory Framework
The QIP will be conducted in accordance with:
- Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Companies Act, 2013 and rules made thereunder
- Other applicable laws
Terms and Conditions
The actual issuance will be subject to:
- Determination of price or prices (including applicable premium) by the Board or duly authorized committee
- Prevailing market conditions and other relevant considerations
Approvals Required
The proposal is subject to:
- Approval of shareholders by way of special resolution
- Receipt of requisite statutory, regulatory and other approvals, consents, permissions and/or clarifications
- Compliance with applicable provisions of law
Meeting Details
The Board meeting commenced at 5:00 PM (IST) and concluded at 6:15 PM (IST) on October 12, 2026.
Annexure I Disclosures
The disclosure includes specific details as required under Regulation 30 read with Part A of Schedule III of SEBI Listing Regulations:
- Type of securities: Equity shares and/or other eligible securities including convertibles as permissible under SEBI ICDR Regulations
- Type of issuance: Qualified Institutions Placement(s) to eligible Qualified Institutional Buyers
- Total amount: Not exceeding ₹10,00,00,000,00 (inclusive of any premium)
- Number of securities: To be determined at relevant stage based on applicable issue price
- Other categories (preferential issue, bonus issue, depository receipts, debt securities) marked as Not Applicable