Key Decision
The Board of Directors of Netweb Technologies India Limited approved raising funds for an aggregate amount of up to and not exceeding ₹1200.00 Crore (Rupees One Thousand Two Hundred Crore only).
Fund Raising Instruments
The funds may be raised through issuance of any instrument(s) or security(ies) for cash, including:
- Equity shares
- Preference shares
- Fully or partly convertible debentures
- Non-convertible debentures along with warrants
- Any other equity based securities
- Any combination thereof
The issuance may include a green shoe option and may be conducted in one or more tranches/issuances, simultaneously or otherwise.
Proposed Modes of Issuance
- Qualified institutions placement
- Preferential issue(s)
- Private placement
- Follow-on-public offer
- Rights issue
- Any other permissible mode and/or combination thereof
Approvals Required
The fund raising is subject to:
- Approval of the shareholders of the Company
- Other regulatory and statutory approvals as may be required
Committee Authorization
The Board constituted and authorized a Fund Raising Committee to determine:
- Mode, timing, structure and terms and conditions of the proposed fund raise
- Type and number of securities to be issued
- Issue price or price band (including any premium or discount permitted under applicable law)
- Class of investors
- Proportion and timing of each tranche
- Opening and closing dates
The Committee is authorized to do all such acts, deeds and things and execute all such documents as may be necessary or expedient to give effect to the fund raising.
Shareholder Approval Process
The Company will seek approval from shareholders through postal ballot, subject to applicable provisions/circulars issued by the Ministry of Corporate Affairs. The notice will be circulated to shareholders in due course in accordance with applicable laws.
Meeting Details
The Board meeting commenced at 07:30 PM and concluded at 8:20 PM on July 01, 2026.
Annexure A Disclosure Details
- Type of issuance: Qualified institutions placement, preferential issue(s), private placement, follow-on-public offer, rights issue or through any other permissible mode and/or combination thereof
- Total amount: Maximum amount up to ₹1200.00 Crore (inclusive of such premium as may be fixed in such securities) at such price or prices as may be permissible under applicable laws
- Preferential issue details: Not applicable
- Bonus issue details: Not applicable
- Depository receipts details: Not applicable
- Debt securities details: Not applicable
- Cancellation/termination: Not applicable