Key Decision and Date
The Board of Directors at their meeting held on October 26, 2026 approved fund raising by way of a Rights Issue.
Committee Formation
The Board has constituted a Rights Issue Committee and has delegated authority to this committee to consider and approve the Draft Letter of Offer in connection with the proposed rights issue and undertake all necessary acts related thereto.
Rights Issue Details (From Annexure A)
- Type of Security: Equity Shares
- Issue Method: Rights Issue
- Total Issue Amount: Approximately ₹80,00,00,000 (Rupees Eighty Crores only)
- Number of Shares: 80,00,00,000 Equity Shares
- Face Value: ₹1 per share
- Issue Basis: Fully Paid-up Basis
- Eligibility: Existing shareholders of the Company
- Basis of Allotment: In proportion to their existing holdings
- Issue Ratio: 4:1 (Four Rights Equity Shares for every One fully paid-up Equity Share held)
- Record Date: The eligibility will be determined based on the shareholding as on the Record Date (specific date to be announced)