Key Quantitative Figures

The company seeks approval to raise funds up to ₹1,200.00 Crore (Indian Rupees One Thousand Two Hundred Crore only) through issuance of securities.

Dates of Action

  • Postal Ballot Notice dated: July 1, 2026
  • Cut-off date for voting eligibility: Tuesday, June 30, 2026
  • E-voting commencement: 9:00 a.m. IST on Friday, July 3, 2026
  • E-voting conclusion: 5:00 p.m. IST on Saturday, August 1, 2026
  • Results announcement: On or before Wednesday, August 5, 2026

Parties Involved

  • Scrutinizer: Mr. Nikhil Jain and Associates (M.No.: F13835, COP No.: 17727), Practicing Company Secretaries
  • E-voting service provider: MUFG Intime India Private Limited, Registrar and Transfer Agent
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Purpose and Rationale

The fund raising is intended to finance:

  • Existing and new growth and expansion opportunities
  • Capital expenditure (greenfield and/or brownfield)
  • Working capital requirements
  • Investment in product development including research and development
  • Prepayment and/or repayment of the Company's debts
  • General corporate purposes

Securities Offering Details

The company may issue various securities including:

  • Equity shares of face value ₹2.00 each
  • Preference shares
  • Fully or partly convertible debentures
  • Non-convertible debentures along with warrants
  • Other equity-based securities or any combination thereof

With or without green shoe option, in one or more tranches through:

  • Qualified institutions placement (QIP)
  • Private placement
  • Preferential issue(s)
  • Follow-on public offer
  • Rights issue
  • Any other method or combination thereof

QIP Specific Conditions

If undertaken through QIP:

  • Allotment only to Qualified Institutional Buyers (QIBs)
  • Completion within 365 days from special resolution date
  • Floor price determined as per SEBI ICDR Regulations
  • Maximum 5% discount permitted on floor price
  • No single allottee more than 50% of issue size
  • No allotment to promoters or related persons
  • One-year lock-in period for allottees
  • Monitoring agency required for issues exceeding ₹100 crore

Governance Structure

  • Fund Raising Committee authorized to exercise Board powers
  • Committee quorum: 2 directors
  • Company Secretary acts as secretary to the Committee
  • Board may delegate powers to Committee, directors, or officers

Shareholder Voting Process

  • Remote e-voting only through MUFG Intime India Private Limited
  • Voting website: https://instavote.linkintime.co.in/
  • Detailed voting instructions provided for different shareholder categories
  • Results will be announced and submitted to stock exchanges

Financial and Operational Impact

  • Equity Shares issued will rank pari-passu with existing shares
  • No change in control of the Company anticipated
  • Exact price, proportion, timing and terms to be decided by Board
  • Regulatory approvals required where applicable
  • Securities will be listed on stock exchanges

Additional Information

  • The resolution is an enabling resolution
  • Investor details and post-issue shareholding pattern not yet determined
  • Promoters, Directors, KMPs not eligible to subscribe except as per applicable laws
  • No concerned or interested parties among Directors/KMPs/Promoters