Key Details

  • A meeting of the Rights Issue Committee of the Board of Directors is scheduled for Wednesday, October 21, 2026
  • The meeting is being held pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations
  • The committee will consider, discuss, and decide various matters related to the Rights Issue including:
  • Determination of Rights Issue price
  • Related payment mechanism
  • Rights entitlement ratio
  • Record date
  • Timing of the Rights Issue
  • Other terms and conditions

Background Context

  • The Rights Issue was approved by the Board of Directors in their meeting dated Wednesday, July 15, 2026
  • The company has received in-principle approval from the stock exchange
  • The Rights Issue involves issuance of fully paid-up equity shares of face value of ₹10.00 each
  • Maximum issue size: ₹40,00,00,000 (Rupees Forty Crores Only)
  • The issue will be conducted in accordance with:
  • Companies Act, 2013 and rules made thereunder
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • SEBI Listing Regulations
  • Other applicable laws

Trading Window Closure

  • The trading window for dealing in Equity Shares of the Company is closed effective October 15, 2026 (Thursday)
  • The closure will remain in effect until 48 hours after the conclusion of the Rights Issue committee meeting
  • This closure is in terms of the Code of Conduct for Prevention of Insider Trading under SEBI (Prohibition of Insider Trading) Regulations, 2015