The primary agenda item for the board meeting is to consider and approve a proposal for raising funds through issuance of eligible securities of the Company. The fundraising may be conducted through various permissible methods including:
- Preferential issue on a private placement basis
- Qualified Institutions Placement (QIP)
- Rights Issue
- Any other permissible mode or combination thereof
The fundraising will be conducted in accordance with applicable provisions of:
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Companies Act, 2013 and rules and regulations made thereunder
Approval of shareholders will be sought for the fundraising proposal through such mode and manner as may be decided and approved by the Board of Directors, in accordance with applicable laws. The proposal is also subject to statutory and regulatory approvals as may be required.
The intimation was digitally signed by Hozef Abdulhussain Darukhanawala, Managing Director (DIN: 00177029) on November 10, 2026, at 17:22:27 IST. The document has been made available on the company's website as required.
Financial impact not quantified in the disclosure. The specific amount to be raised and the exact method of fundraising will be determined by the Board and subject to subsequent approvals.