Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Rights Issue Allotment
Audit Opinion:
Not Specified
Key Financial Highlights:
Capital Structure Change:
- Pre-issue paid-up equity share capital: ₹13,48,02,230 comprising 13,48,02,230 fully paid-up equity shares
- Post-issue paid-up equity share capital: ₹33,70,05,575 comprising 33,70,05,575 fully paid-up equity shares
- Capital increase: ₹20,22,03,345 (200.22% increase)
Corporate Actions:
Rights Issue Details:
- Type of issuance: Rights Issue
- Securities issued: Equity Shares of face value of Re. 1/- each
- Total shares offered: 20,22,03,345 equity shares
- Issue price: ₹1.63 per share (including premium of ₹0.63 per share)
- Total amount raised: ₹32,95,91,452 (₹32.96 crore)
- Valid applications received: 24,20,39,870 shares (oversubscribed by approximately 19.7%)
- Allotment finalized in consultation with MUFG Intime India Private Limited (Registrar to the Issue)
- Approved by National Stock Exchange of India Limited (designated stock exchange)
Historical Approvals:
- Initial Board approval: January 06, 2026
- Detailed terms approval: June 25, 2026 and June 27, 2026
- Letter of Offer dated: June 25, 2026
Other Significant Information:
- Company CIN: L28910GJ1988PLC011694
- Company Secretary & Compliance Officer: Drashti Vaghasiya (M. No. A58976)