Key Quantitative Figures

  • Rights Issue Size: 6,39,00,000 (Six Crore Thirty-Nine Lakh) fully paid-up equity shares
  • Issue Amount: ₹63,90,00,000 (Sixty-Three Crore Ninety Lakh) assuming full subscription
  • Issue Price: ₹10 per equity share
  • Pre-Issue Share Capital: 1,42,00,000 equity shares of face value ₹10 each
  • Post-Issue Share Capital: 7,81,00,000 equity shares of face value ₹10 each (assuming full subscription)

Dates and Timeline

  • Board Meeting Date: June 16, 2026 (commenced at 4:30 PM, concluded at 5:30 PM)
  • Record Date: June 20, 2026 (Saturday) for determining eligible shareholders
  • Issue Opening Date: June 29, 2026 (Monday)
  • Last Date for On-Market Renunciation: July 1, 2026 (Wednesday)
  • Last Date for Off-Market Renunciation: July 3, 2026 (Friday)
  • Issue Closing Date: July 6, 2026 (Monday)

The Board retains the right to extend the Issue Period up to 30 days from the Issue Opening Date. No withdrawal of applications is permitted after the Issue Closing Date.

Rights Entitlement Details

  • Ratio: 09 (Nine) Rights Equity Shares for every 02 (Two) Equity Shares held as on Record Date
  • Fractional Entitlement: Fractional entitlements are ignored in computation
  • Additional Allocation: Shareholders with fractional entitlements or holding less than 2 shares will get preferential consideration for one additional Equity Share if they apply for additional shares
  • ISIN for Rights Entitlement: INE245H20018

Regulatory Approvals and Documentation

  • Received in-principle approval from BSE Limited on May 5, 2026
  • Received in-principle approval from MSEI on June 10, 2026
  • Board approved the 'Letter of Offer' to be filed with BSE and MSEI
  • BSE Limited designated as the designated stock exchange for the Rights Issue
  • Soft copy of Letter of Offer will be available on company website and exchange websites

Shareholder Eligibility and Process

  • Eligible shareholders determined based on holding as of Record Date (June 20, 2026)
  • Rights Entitlements will be credited in dematerialized form to eligible shareholders' demat accounts prior to Issue Opening Date
  • Necessary arrangements made with NSDL and CDSL for dematerialized rights entitlements
  • Shareholders holding less than 2 Equity Shares have 'zero' entitlement but can apply for additional shares with preference for one additional share

Background

This rights issue follows the Board's initial approval on March 20, 2026, which approved the offer and issuance of fully paid-up equity shares for an amount not exceeding ₹65.00 Crore by way of rights issue.