Date: June 11, 2026
Board Meeting Outcomes
- The Board of Directors, at a meeting held on June 11, 2026, considered and approved the allotment of equity shares pursuant to a Rights Issue.
- The meeting commenced at 7:50 P.M. and concluded at 8:20 P.M.
Fundraising / Financing
- The company has allotted 68,75,92,710 Fully Paid-up Rights Equity shares.
- The face value of each share is Re. 1.
- The allotment price is Rs. 1.45 per share, which includes a premium of Rs. 0.45 per share.
- The Rights Issue was conducted pursuant to a Letter of Offer (LOF) dated May 14, 2026.
- The basis of allotment was finalized and approved by BSE Limited, which acted as the designated stock exchange and Registrar to the Issue for this Rights Issue.
Capital Structure Update
- Post this allotment, the paid-up capital of the company stands increased to 175,52,83,254 equity shares.