Key Corp Limited held a meeting of its Board of Directors on Thursday, August 20, 2026, which commenced at 11:00 AM IST and concluded at 11:30 AM IST.
The Board considered and approved the following key item:
Rights Issue Approval:
- The Board approved the issuance of fully paid-up equity shares with a face value of ₹10 each through a Rights Issue to the Eligible Equity Shareholders of the Company.
- The total amount to be raised through the issue is up to ₹15 crore (Rupees Fifteen Crores only).
- The record date for determining eligible shareholders will be determined and notified subsequently.
Authorization and Next Steps:
- The Board authorized a committee to finalize all terms and steps for the Rights Issue. This includes determining the specific issue price, the rights entitlement ratio, the final record date, the timing of the issue, and the terms of payment.
- The committee is also authorized to appoint the necessary intermediaries for the issue.
- The issuance is to be carried out in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations).
- The issue is subject to receipt of all requisite regulatory approvals under applicable laws.
Regulatory Compliance:
- It is also made in compliance with the SEBI Master Circular no. HO/CFD-RP/POD2/1/3762/2026 dated January 30, 2026.
- The requisite details as per the regulations are provided in the enclosed Annexure-A.
Availability of Information:
- The outcome of the Board meeting is also available on the company's website at https://www.keycorpltd.com.