Summary of Key Information:

ISIN No: INE291W01037

Reporting Period: Not Applicable (Corporate Action)

Nature of Filing / Announcement: Outcome of Board Meeting - Buyback Approval

Key Financial Highlights:

Not Specified

Standalone Results:

Not Specified

Consolidated Results:

Not Specified

Segment-wise Performance:

Not Specified

Corporate Actions:

Buy-back of Equity Shares:

  • Buy-back of up to 14,75,000 (Fourteen Lakh Seventy Five Thousand) fully paid-up equity shares
  • Face value: ₹2/- per share
  • Represents approximately 2.8978% of total paid-up equity share capital
  • Buy-back price: ₹162/- per equity share
  • Aggregate amount not exceeding ₹23,89,50,000/- (Rupees Twenty Three Crore Eighty Nine Lakh Fifty Thousand only)
  • Buy-back Size represents approximately 19.3849% of aggregate paid-up equity share capital and eligible free reserves on standalone basis (as at 31 March 2026)
  • Buy-back Size represents approximately 18.1911% on consolidated basis (as at 31 March 2026)
  • Lower maximum permissible amount for Buy-back: ₹30.816475 crore on standalone basis
  • Transaction costs and expenses excluded from Buy-back Size

Promoter Participation:

  • Promoters and Promoter Group confirmed they do not intend to participate in the proposed Buyback
  • Pre-Buy-back shareholding: Promoters hold 3,70,19,951 shares (72.7286%), Public shareholders hold 1,38,81,549 shares (27.2714%)

Approval Process:

  • Requires approval of Members by Special Resolution through Postal Ballot by remote e-voting
  • Voting period: Monday 28 September 2026 (9:00 a.m. IST) to Tuesday 27 October 2026 (5:00 p.m. IST)
  • Cut-off date for voting rights: Friday, 18th September 2026
  • Scrutinizer's Report / declaration of results on or before Wednesday, 28 October 2026

Buy-back Committee:

Constituted with following members:

  • Mr. Gururaj Karajagi (DIN: 01330419) - Chairman of Board (Non-Executive Non-Independent Director)
  • Mr. Aditya Bhandari (DIN: 07637316) - Whole time Director
  • Mr. Anshul Jain - Chief Financial Officer
  • Ms. Preeti Pacheriwala - Company Secretary & Compliance Officer

Appointments:

  • Manager to Buy-back: Kreo Capital Private Limited (SEBI Registration No. INM000012689, Category I Merchant Banker)
  • Compliance Officer: Ms. Preeti Pacheriwala, Company Secretary & Compliance Officer
  • Postal Ballot Scrutinizer: CS Riddhita Agrawal (ICSI Membership No: FCS 10054; Certificate of Practice No. 12917; Peer Review Certificate No. 1838/2022)
  • Remote e-Voting Platform: Central Depository Services (India) Limited (CDSL)

Implementation Details:

  • Buy-back to be undertaken through Tender Offer route using stock-exchange mechanism
  • From equity shareholders/beneficial owners excluding Promoters and Promoter Group
  • Reservation for Small Shareholders in accordance with Regulation 6 of SEBI Buy-back Regulations
  • Record Date to be determined subsequently after shareholder approval
  • Public Announcement and Letter of Offer to be issued after member approval

Other Significant Information:

  • Based on audited standalone and consolidated financial statements as at 31 March 2026
  • Considered unaudited standalone and consolidated financial results as at 30 June 2026 (subjected to limited review by Statutory Auditors)
  • Financial assessment considered for current financial position, liquidity and solvency