The Board meeting was conducted at the company's Registered Office and approved the terms of a Rights Issue. The meeting commenced at 3:00 PM and concluded at 4:00 PM.
Rights Issue Details:
Security Type: Fully paid-up Equity Shares of face value ₹10 each ("Rights Equity Shares")
Issuance Type: Rights Issue of Fully paid-up Equity Shares
Total Issue Size: 42,52,500 Equity Shares
Issue Price: ₹39.95 per share (including a premium of ₹29.95 per share)
Total Amount: ₹16,98,87,375
Record Date: Friday, November 13, 2026 (for determining eligible shareholders)
Rights Issue Timeline:
- Opening Date: Monday, November 23, 2026
- Last Date for Renunciation: Thursday, November 26, 2026
- Closing Date: Monday, November 30, 2026
Entitlement Ratio: 54 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on record date, with right to renounce
Capital Structure Impact:
- Pre-Rights Issue outstanding equity: 1,57,50,000 Equity shares of ₹10 each
- Post-Rights Issue outstanding equity (assuming full subscription): 2,00,00,000 Equity shares of ₹10 each
Payment Terms:
- Application amount per Rights Equity Share: ₹39.95 (₹10 face value + ₹29.95 premium)
- Total payable: ₹39.95 per share (no subsequent calls mentioned)
The detailed terms including application procedure, renouncement process, and fractional entitlements will be specified in the Letter of Offer to be filed with BSE Limited and SEBI for record purposes.
The disclosure was signed by Keyoor Madhusudan Bakshi, Director (DIN: 00133588), on October 30, 2026 at 15:56:53.