Date: 29-05-2026
Board Meeting Outcomes
The company has received approval from National Stock Exchange of India Limited (NSE) for listing and trading of equity shares issued pursuant to conversion of warrants on preferential basis.
Fundraising / Financing
Equity Share Issuance Details:
- Total shares approved for listing: 2,57,50,000 equity shares of face value ₹10 each
- Breakup of issuance:
- First tranche: 1,85,00,000 equity shares
- Second tranche: 72,50,000 equity shares
- Issue price: ₹16 per equity share (including premium of ₹6 per equity share)
- Allotment: Made to promoters and non-promoters
- Listing effective date: June 01, 2026
Lock-in Period Details - First Tranche (1,85,00,000 shares):
| Number of Shares | Distinctive Numbers From | Distinctive Numbers To | Lock-in Until |
| 1,12,70,000 | 34374261 | 45644260 | 30-Nov-2026 |
| 27,50,000 | 45644261 | 48394260 | 30-Nov-2027 |
| 10,000 | 48394261 | 48404260 | 30-Nov-2026 |
| 44,70,000 | 48404261 | 52874260 | 30-Nov-2027 |
Lock-in Period Details - Second Tranche (72,50,000 shares):
| Number of Shares | Distinctive Numbers From | Distinctive Numbers To | Lock-in Until |
| 50,00,000 | 52874261 | 57874260 | 30-Nov-2026 |
| 22,50,000 | 57874261 | 60124260 | 30-Nov-2027 |