Regulatory disclosure filed with BSE Limited pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board of Directors meeting is scheduled for Friday, October 23, 2026. The primary agenda item is to consider and approve raising of an unsecured loan amounting to ₹100 Crore from Mr. Sachidanand H Upadhyay, who is identified as both a Promoter and Director of the company.
The loan agreement includes a significant provision for conversion of the loan into equity shares of the company. The specific terms and conditions of the loan and conversion option are to be mutually decided as per the loan agreement.
This proposed fundraising arrangement is contingent upon and subject to the approval of the shareholders of the company, indicating that further corporate action will be required beyond the board approval.
Mr. Sachidanand Hariram Upadhyay, Managing Director (DIN: 01631728), signed the disclosure on behalf of the company.