Key Decision
The Board of Directors at their meeting held on June 26, 2026 approved the issuance of Equity Shares of face value of Rs. 5/- each for an amount up to and not exceeding Rs. 13,930 Lakhs (Rs. 139.3 crore) by way of Rights Issue to eligible shareholders of the Company.
Record Date
The record date for determining eligible shareholders will be determined and notified subsequently.
Regulatory Framework
The Rights Issue will be conducted in accordance with applicable laws including:
- Companies Act, 2013, as amended
- Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations), as amended
- Subject to relevant regulatory and statutory approvals
Committee Formation
The Board approved the constitution of a Rights Issue Committee for the purposes of issue, offer and allotment of Equity Shares, and other matters in connection with or incidental to the Rights Issue.
Terms to be Determined
The specific terms of the Rights Issue including:
- Issue price
- Rights entitlement ratio
- Record date
- Timing of the rights issue
- Terms of payment
Will be determined by the Board and/or a duly constituted Committee of the Board of Directors authorized in this regard.
Meeting Details
The Board meeting commenced at 11:35 a.m. and concluded at 11:56 a.m. (duration: 21 minutes).
Additional Information
The disclosure has been made available on the company's website at www.igenesys.com.
Annexure Details
Disclosures as required under Regulation 30 include:
- Type of securities: Equity Shares
- Type of issuance: Rights Issue
- Total amount: Upto and not exceeding Rs. 13,930 Lakhs