This is a regulatory disclosure submitted to BSE Limited. The company has intimated that a meeting of its Board of Directors is scheduled to be held on Saturday, 19th September, 2026.
The primary agenda for the board meeting is:
- To consider the proposal for raising funds through the issuance of equity shares on a rights basis to the company's eligible equity shareholders (referred to as the "Rights Issue").
The disclosure specifies that this rights issue is subject to obtaining the requisite approvals from relevant regulatory authorities. The issuance must comply with:
- The applicable provisions of the Companies Act, 2013, as amended
- The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
- Other applicable laws and regulations
The notice also includes a standard agenda item for any other matter to be taken up with the permission of the Chair and the consent of a majority of the directors present, including at least one Independent Director.
The letter is digitally signed by Jigar Vinodbhai Sheth, who is identified as the Managing Director (DIN: 09679044).
Financial impact: The potential size of the fundraising or the issue price is not quantified in this intimation. The financial impact is contingent upon board approval and subsequent regulatory clearances.