Disclosure Context

This is a regulatory disclosure submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references SEBI Circulars No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 and No. SEBI/HO/CFD/CFDPoD2/CIR/P/2024/185 dated 31st December, 2024.

Board Meeting Details

The Board of Directors meeting was held on 6th June, 2026, commencing at 05:00 PM and concluding at 07:00 PM.

Key Outcomes Approved

1. Qualified Institutions Placement (QIP)

  • Purpose: Raising funds aggregating up to ₹1,000 Crores
  • Instrument: Equity shares and/or any other convertible securities (including warrants)
  • Structure: To be conducted in one or more tranches and/or one or more issuances simultaneously
  • Approval Required: Subject to approval of members of the Company and other regulatory/statutory approvals as required
  • Regulatory Framework: Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended

2. Preferential Issue

  • Purpose: Raising funds through preferential issue of equity shares
  • Allottees: Non-Promoters
  • Structure: May be conducted through preferential allotment or any other mode or combination thereof, in one or more tranches
  • Approval Required: Subject to receipt of necessary regulatory/statutory approvals, including approval of shareholders
  • Decision Body: Specific details including number of securities to be issued will be considered by the Fund-Raising Board/Committee

Additional Disclosure Requirements (Annexure I)

The annexure provides detailed disclosure in adherence to Listing Regulations and referenced SEBI circulars:

For QIP:

  • Type of securities: Equity shares and/or security convertible into equity shares (including warrants)
  • Type of issuance: Qualified Institutions Placement
  • Total amount: ₹1000 Crores
  • Other details: Not applicable for bonus issues, ADR/GDR/FCCB, or debt securities

For Preferential Issue:

  • Type of securities: Equity shares/warrants
  • Type of issuance: Preferential allotment
  • Total amount: Number of securities to be decided by Fund-Raising Board/Committee
  • Investor details: To be decided by Committee and disclosed in due course
  • Other details: Not applicable for bonus issues, ADR/GDR/FCCB, or debt securities

Status

Both fundraising proposals are subject to necessary approvals. There is no cancellation or termination of any proposal for issuance of securities.