Key Quantitative Figures
The company seeks approval to raise funds aggregating up to ₹1,000 Crores (Rupees One Thousand Crores) through Qualified Institutions Placement.
Dates of Action
- Cut-off date for determining eligible voters: Friday, 5th June 2026
- Remote e-voting commencement: Tuesday, 9th June 2026 at 9:00 AM IST
- Remote e-voting conclusion: Wednesday, 8th July 2026 at 5:00 PM IST
- Result declaration: Latest by Friday, 10th July 2026
- Allotment completion timeframe: Within 365 days from passing of special resolution
Parties Involved
- Central Depository Services (India) Limited (CDSL): Remote e-voting service provider
- Mr. Ketan R. Shirwadkar (FCS No 13938; CP 15386): Appointed Scrutinizer
- MUFG Intime India Private Limited: Registrar and Transfer Agent (RTA)
- BSE Limited and National Stock Exchange of India Limited: Stock exchanges
Purpose and Rationale
The fundraising is intended to:
1. Support the company's growth strategy and fund strategic projects acquired by the company
2. General corporate purposes (not to exceed 25% of funds raised as per ICDR Regulations)
Pending utilization, proceeds may be invested in money market instruments, mutual funds, bank deposits, or government securities.
Terms of Qualified Institutions Placement
- Securities: Equity shares, warrants, convertible debentures, non-convertible debentures with warrants
- Pricing: Not less than floor price calculated as per Regulation 176 of SEBI ICDR Regulations, with discount up to 5% permitted
- Allottees: Qualified Institutional Buyers only (no promoters or related persons)
- Lock-in: 1 year from date of allotment for securities issued
- Minimum allottees: As per SEBI ICDR Regulations
- Maximum per allottee: Not more than 50% of issue size
- Monitoring agency: Required if issue size exceeds ₹100 Crore
Capital Structure Impact
The equity shares issued will rank pari-passu with existing shares and be fully paid-up. The resolution allows issuance of securities up to ₹1,000 Crores, but specific dilution impact cannot be determined until pricing and final issue size are decided.
Voting Procedure
Remote e-voting is mandatory through CDSL platform. Physical ballot forms are not being sent. Shareholders can vote through:
- CDSL/NSDL demat accounts for demat holders
- Folio number and PAN for physical shareholders
Additional Information
The explanatory statement confirms:
- No change in control or board composition expected
- No participation by directors, promoters, or key managerial personnel
- Company complies with Chapter VI of SEBI ICDR Regulations
- Further terms will be determined by the Board considering market conditions
Documents Availability
All relevant documents are available for inspection at the registered office and on company website www.gtbl.in