This is a regulatory disclosure under SEBI LODR Regulations, 2015, regarding the outcomes of the Board of Directors meeting held on Wednesday, June 03, 2026. The meeting commenced at 8:00 PM and concluded at 9:00 PM.
Key Decisions Approved by the Board:
1. Fund Raising Approval: The Board approved raising funds for an aggregate amount of up to and not exceeding ₹5,000.00 million (Rupees Five Thousand million only). This amount is inclusive of any premium or discount to face value that may be fixed on the securities. The fund raising may be executed through multiple instruments including:
- Equity shares
- Preference shares
- Fully or partly convertible debentures
- Non-convertible debentures along with warrants
- Any other equity-based securities
- Any combination of eligible securities
2. Fund Raising Methods: The funds may be raised through one or more tranches and/or one or more issuances, simultaneously or otherwise, using various methods including:
- Preferential allotment
- Private placement
- Qualified institutions placement(s)
- Any other method permitted under applicable laws
3. Approvals Required: The fund raising is subject to receipt of necessary approvals including:
- Approval of shareholders/members of the Company
- Regulatory and statutory approvals as may be required
4. Alteration of Articles of Association: The Board approved alteration in the Articles of Association of the Company, subject to approval of shareholders by means of Special Resolution through Postal Ballot.
5. Postal Ballot Notice: The Board approved notice of Postal Ballot for seeking shareholder approval for:
- Raising funds by way of issuance of equity shares or other eligible securities
- Execution through preferential allotment, private placement, qualified institutions placement(s), and/or any other permissible mode
6. Fund-Raising Committee: The Board constituted and authorized a Fund-Raising Committee to decide the terms and conditions of the proposed fund raise and to take ancillary actions required for the fund raising.