Summary of Key Information:
Series: EQ
Reporting Period: Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting
Key Financial Highlights:
Not Specified
Corporate Actions:
Fundraising:
- The Board approved raising funds through a rights issue of equity shares
- Aggregate amount not exceeding ₹14.50 crore (Rupees Fourteen crore fifty lakh only)
- Face value of shares: ₹10/- each
- The rights issue was initially approved in a previous board meeting held on June 2, 2026
- The company could not proceed with filing of draft offer letter with NSE initially
- The issue is subject to receipt of applicable regulatory and statutory approvals
- Timeline: To be completed within 23 working days from date of first board approval as per SEBI Circular dated March 11, 2025
- Detailed terms will be specified in the Letter of Offer to be sent to eligible shareholders
Monitoring Agency Appointment:
- Board approved appointment of M/s Brickwork Ratings India Private Limited as Monitoring Agency
Committee Formation:
- Constitution of Rights Issue Committee consisting of:
- Mr. Riyaz Ganji
- Mr. Nishant Mahimtura
- Mr. Ashish Dubey
- The committee is empowered to undertake all necessary activities for completion of the proposed Rights Issue
Annexure A Details:
| Particulars | Details |
| Type of securities | Equity Shares |
| Type of issuance | Right Issue |
| Total amount | ₹14.50 crore (Rupees Fourteen crore fifty lakh only) |