QIP Details
Type of Issuance: Equity Shares of face value of ₹10 each
Total Amount Raised / Intended to Raise: [Not Specified]
Number of Securities Issued: [Not Specified]
Face Value and Issue Price: Face value of ₹10 per share. Floor price set at ₹174.36 per Equity Share, determined according to SEBI ICDR Regulations pricing formula. The Company may offer a discount of not more than 5% on this floor price. The final issue price will be determined in consultation with the book running lead manager.
Premium: The floor price of ₹174.36 represents a significant premium to the face value of ₹10 per share.
Names of Allottees: [Not Specified]
Timeline and Approval References:
- Board of Directors approval: July 22, 2026
- Shareholder approval via special resolution at Extra-ordinary General Meeting: August 13, 2026
- Operations Committee meeting: September 24, 2026 (commenced 3:45 PM, concluded 4:30 PM)
- QIP opening authorized: September 24, 2026
- Relevant date for pricing: September 24, 2026
- Regulatory framework: SEBI ICDR Regulations, Companies Act 2013 (Sections 42 and 62)
Purpose of the QIP: [Not Specified]
Post-QIP Shareholding Pattern: [Not Specified]
Other Announcements in the Document
Trading Window Closure: The trading window for dealing in the Company's securities has been closed for all designated persons and their immediate relatives from September 24, 2026. The window will remain closed until 48 hours after the determination of the final issue price, in accordance with the Company's Code for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015.
Regulatory Compliance: This disclosure is made in compliance with Regulation 29(1) and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.