Date: August 05, 2026
Board Meeting Outcomes
- Shareholders passed a Special Resolution with requisite majority for issuance of 10,22,727 Fully Convertible Equity Share Warrants of ₹10 each on preferential basis
- The EGM was held on Saturday, August 01, 2026
- The resolution was passed in terms of the Notice of EGM dated July 09, 2026 read with Corrigendum Notice of EGM dated July 23, 2026
Fundraising / Financing
- Instrument: 10,22,727 Fully Convertible Equity Share Warrants
- Face Value: ₹10 per warrant
- Basis: Preferential allotment
- Regulatory Framework: Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
- National Stock Exchange granted in-principle approval for issuance vide letter dated July 31, 2026
Conditions and Compliance
- The company shall re-compute the issue price of the Warrants as required under ICDR Regulations
- If any amount payable on account of re-computation of issue price is not paid within stipulated time, the Warrants shall continue to be locked-in until such amount is paid by the allottee(s)
Other Disclosures
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Signed by Abhijit Dan, Group Company Secretary & Head – Legal (ICSI Membership No. A21358)