Date: 22nd October 2026
Board Meeting Outcomes
- The Board of Directors meeting held on 25th September 2026 approved the terms for the issuance of equity shares by way of a Rights Issue.
- The total issue size is ₹12,794 million (₹1279.4 crore).
Fundraising / Financing
- The company is issuing equity shares of face value ₹2 each for cash at a price of ₹750 per share.
- The fundraising is being conducted through a Rights Issue.
- The Issue was conducted in accordance with the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Issue Timeline
- The Rights Issue opened on Monday, October 12, 2026.
- The Rights Issue closed on Thursday, October 22, 2026.
Compliance Officer
- The announcement was signed by Ch. Venkat Ramesh, Company Secretary & Compliance Officer.