Company Disclosure: Rights Issue Approval
Board Decision and Approval
The Board of Directors approved a fund raising proposal through a rights issue of fully paid-up equity shares. The meeting was held at the company's registered office from 3:00 PM to 4:00 PM (Indian Standard Time).
Rights Issue Details
- Security Type: Fully paid-up equity shares of face value ₹10 each
- Issue Price: ₹15 per share (₹10 face value + ₹5 premium)
- Maximum Issue Size: ₹69 crores
- Eligibility: Existing equity shareholders as on a record date to be determined and notified subsequently
- Regulatory Framework: To be conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and relevant SEBI circulars
Additional Information from Annexure A
The filing includes additional details as required under SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:
- Type of Issuance: Rights issue to existing equity shareholders
- Number of Shares: To be determined by the Board of Directors/Rights Issue Committee
- Cancellation/Termination: Not applicable (NA)
Approvals and Conditions
The rights issue is subject to obtaining necessary regulatory and statutory approvals as required under applicable laws.
Company Representative
The disclosure was signed by Monika Soni, Company Secretary & Compliance Officer, on July 3, 2026, at 16:42:34 IST.