The committee fixed the record date as Wednesday, November 11, 2026 for determining eligible shareholders for the rights issue. The company will issue 1,02,87,832 partly paid equity shares through this rights offering at an issue price of ₹860 per share, resulting in a total issue size of ₹8,847.54 million (approximately ₹8.85 billion).
The rights entitlement ratio is set at 5 Rights Equity Shares for every 12 fully paid-up equity shares held as on the record date (5:12 ratio). Fractional entitlements will be handled as per SEBI Master Circular HO/49/14/14(2)2026-CFD - POD2/I/4518/2026 dated February 09, 2026, by rounding down the entitlement.
Issue Schedule
- Last date for credit of rights entitlement: Thursday, November 12, 2026
- Issue opening date: Thursday, November 19, 2026
- Last date for on-market renunciation of rights entitlement: Friday, November 27, 2026
- Issue closing date: Thursday, December 03, 2026
- Finalization of basis of allotment: Friday, December 04, 2026 (on or about)
- Date of allotment: Friday, December 04, 2026 (on or about)
- Date of credit of Rights Equity Shares: Monday, December 07, 2026 (on or about)
- Date of listing: Wednesday, December 09, 2026 (on or about)
Payment Terms
The payment for the ₹860 per Equity Share (Face value ₹5 and Premium ₹855) will be made in two installments:
- On Application: ₹645.00 per Rights Equity Share (Face value ₹3.75 + Premium ₹641.25)
- On First and Final Call: ₹215.00 per Rights Equity Share (Face value ₹1.25 + Premium ₹213.75)
Capital Structure Impact
- Outstanding Equity Shares prior to the Rights Issue: 24,690,797 Equity Shares
- Outstanding Equity Shares after the Rights Issue (assuming full subscription): 34,978,629 Equity Shares
Additional Information
The Rights Entitlement ISIN is INE234A20017. The meeting concluded at 04:25 P.M. IST. This disclosure is made in accordance with Regulation 42(2) of the SEBI Listing Regulations and Regulation 68 of the SEBI ICDR Regulations, following prior intimation submitted by the Company on November 01, 2026.