Preferential Allotment Details
The Board of Directors approved the allotment of 18,24,150 equity shares of face value ₹10 each at an issue price of ₹274.10 per share (including premium of ₹264.10 per share) to two non-promoter investors:
- Axana Estates LLP: 8,45,009 shares
- Plutus Investments India Private Limited: 9,79,141 shares
Total issue size: ₹49,99,99,515
Approval Process
The allotment was approved by:
- Board of Directors meeting on August 10, 2026
- Shareholders through special resolution passed on September 05, 2026
- BSE and NSE in-principle approval received on October 19, 2026
- Board circular resolution passed on October 30, 2026
Capital Structure Impact
Post-allotment paid-up equity share capital increased to ₹17,01,17,590 comprising 1,70,11,759 equity shares of ₹10 each.
Shareholding Changes
Pre and post-allotment holding patterns:
Axana Estates LLP:
- Pre-allotment: 20,90,068 shares (13.76%)
- Post-allotment: 29,35,077 shares (17.25%)
Plutus Investments India Private Limited:
- Pre-allotment: 0 shares (0%)
- Post-allotment: 9,79,141 shares (5.76%)
Lock-in Requirements
The equity shares allotted shall be locked in for the period specified under Chapter V of SEBI ICDR Regulations.
Committee Reconstitution
The Board reconstituted the following committees effective November 1, 2026:
- Audit Committee
- Risk Management Committee
- Stakeholders Relationship Committee
Additional Information
Company CIN: L85190MH2003PLC139763
Company Secretary & Compliance Officer: Shilpa Rathi