Date: August 8, 2026
Board Meeting Outcomes
- Preferential Issue Committee meeting scheduled for August 13, 2026 at 10:30 AM
- Primary agenda: Consider and approve allotment of equity shares upon conversion of warrants
- The conversion follows receipt of balance issue price from all allottees and their conversion intention
Fundraising / Financing
- Conversion of 10,12,000 fully convertible equity warrants into equity shares
- Original warrant issue price: ₹130 per warrant (including premium of ₹120)
- Each warrant convertible into one fully paid-up equity share of ₹10 face value
- Balance issue price has been received from all allottees
- Original warrant allotment was approved on May 15, 2025