Date: August 17, 2026
Board Meeting Outcomes
The Fund Raising Committee of Netweb Technologies India Limited met on August 17, 2026 (7:15 PM to 7:30 PM) and approved the following resolutions regarding the Qualified Institutional Placement (QIP):
- Authorized the opening of the QIP issue on August 17, 2026
- Approved and adopted the preliminary placement document dated August 17, 2026, along with the application form for qualified institutional buyers
- Approved the floor price for the Issue at ₹4,885.90 per equity share of face value ₹2 each
Fundraising Details
- Issue Type: Qualified Institutional Placement (QIP) of equity shares
- Face Value: ₹2 per share
- Floor Price: ₹4,885.90 per equity share
- Pricing Basis: Determined as per Regulation 176(1) of SEBI ICDR Regulations
- Relevant Date: August 17, 2026 (as per Regulation 171(b)(i) of SEBI ICDR Regulations)
- Discount Provision: Company may offer a discount of not more than 5% on the floor price
- Final Price Determination: To be determined in consultation with book running lead managers
Regulatory Approvals
- Board approval obtained on July 01, 2026
- Special resolution passed by members through Postal Ballot on August 01, 2026
- Compliance with SEBI ICDR Regulations Chapter VI and Companies Act, 2013 Sections 42 and 62
Documentation & Disclosure
- Preliminary placement document filed with BSE and NSE on August 17, 2026
- Document available on company website: https://www.netwebindia.com/investors/index.php
- This disclosure constitutes compliance under SEBI LODR Regulations 29(1) and 30
Trading Window Closure
- Trading window for designated persons remains closed until 48 hours after determination of final issue price
- Closure is in accordance with the Company's Code of Conduct for Insider Trading and Fair Disclosure