Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: Thursday, 9th July 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Key Financial Highlights:

Fundraising Details (Preferential Issue):

  • Equity Shares: Issuance of 21,10,000 (Twenty One Lakh Ten Thousand) Equity shares of face value of ₹10/- each at an issue price of ₹245/- per share (including a premium of ₹235 per share). Total aggregate amount: ₹51,69,50,000/- (Rupees Fifty-One Crore Sixty Nine Lakh Fifty Thousand Only).
  • Warrants: Issuance of 19,30,000 (Nineteen Lakh Thirty Thousand) Fully Convertible Warrants, each convertible into one fully paid-up equity share of face value ₹10/- at an issue price of ₹245/- per warrant. Total aggregate amount: ₹47,28,50,000/- (Rupees Forty Seven Crore Twenty Eight Lakh Fifty Thousand Only).
  • Warrant Conversion Terms: Each warrant is convertible at the option of the allottee within a maximum period of 18 months from the date of allotment. An amount equivalent to 25% of the warrant issue price is payable upfront, with the balance 75% payable upon conversion.

Corporate Actions:

Preferential Allotment Modifications:

The Board approved the removal of three ineligible proposed allottees and their replacement with new allottees, subject to shareholder approval at the EGM scheduled for 17th July 2026:

  • Removed: Desai Ajaykumar Havabhai (40,000 Equity Shares), Bhupendra Damjibhai Jivani (40,000 Equity Shares), Dhara Mehta (2,80,000 Warrants)
  • Added: Arti Manish Kheradi (40,000 Equity Shares), Jivani Jay Bhupendrbhai (40,000 Equity Shares), Agam Vikramkumar Mehta (2,80,000 Warrants)

EGM Corrigendum:

The Board approved a Corrigendum to the EGM Notice to incorporate all observations made by the National Stock Exchange of India Limited. This corrigendum will form an integral part of the EGM Notice.

Other Significant Information:

Meeting Details: The Board Meeting commenced at 02:00 P.M. and concluded at 03:10 P.M.