Key Decisions Approved
1. Fundraising via Rights Issue: The Board approved a proposal to raise funds through a Rights Issue of equity shares.
- Security Type: Equity shares of face value ₹10 each
- Issue Type: Rights issue to eligible equity shareholders
- Maximum Amount: ₹41,00,00,000 (Rupees Forty One Crores Only), inclusive of premium if any
- Approvals Required: Subject to receipt of necessary approvals from regulatory authorities
- Governing Regulations: Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Additional Compliance: Filed in accordance with SEBI Circular dated January 30, 2026 (Ref: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026) with details in Annexure 1
2. Appointment of Independent Director: The Board appointed Mr. Ketur Shah as an Independent Director.
- Effective Date: 19th September 2026
- Term: 5 years
- Condition: Subject to approval of members at the ensuing General Meeting
- Director Profile: Mr. Ketur Shah is a finance professional with qualifications in CA and CFA, with over 15 years of experience in the financial services industry. He currently serves as Head - Investment Banking at Abans Financial Services with expertise in investment banking, capital markets, and corporate finance.
- Additional Compliance: Details provided in Annexure 2 as per SEBI Circular dated January 30, 2026
Meeting Details
- Date: Saturday, 19th September 2026
- Duration: 1:30 PM to 2:30 PM (1 hour)
Financial Impact
The Rights Issue may result in capital inflow of up to ₹41 crore upon successful completion, subject to regulatory and shareholder approvals. The specific financial impact on earnings per share or capital structure is not quantified in the disclosure.