Background and Context
This disclosure follows the Board of Directors' meeting outcome dated July 16, 2026, where the rights issue was initially approved. The company plans to issue equity shares of face value ₹10 each through a rights issue for an amount not exceeding ₹90 crore (Rupees Ninety Crore only).
Upcoming Committee Meeting Details
A meeting of the Rights Issue Committee will be held on Thursday, November 12, 2026. The committee will consider, discuss, and decide various matters including:
- Determination of the Rights Issue price
- Related payment mechanism
- Rights entitlement ratio
- Record date for the Rights Issue
- Timing of the Rights Issue
- Other related matters
Trading Window Closure
In accordance with the Company's Code of Conduct for Prevention of Insider Trading:
- The trading window for the Company's equity shares has been closed from Friday, November 6, 2026
- The closure will remain effective until the expiry of 48 hours after the conclusion of the board meeting
- The company has intimated its directors, designated persons, and their immediate relatives about this trading window closure
Legal Framework
The rights issue is being conducted in accordance with:
- Companies Act, 2013, as amended and the rules made thereunder
- Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
- Other applicable laws