Key Decision
Board of Directors meeting held on Thursday, 04 June 2026 approved the issuance and allotment of 12,00,000 equity shares to non-promoters on a preferential basis for raising additional capital.
Transaction Details
- Type of Securities: Equity Shares
- Issue Type: Preferential Allotment
- Number of Shares: 12,00,000
- Issue Price: ₹57 per share (Face Value: ₹10 per share + Premium: ₹47 per share)
- Total Amount: ₹6,84,00,000 (₹6.84 crore)
- Allottee Category: Non-promoters
- Number of Investors: 18
Regulatory Framework
The issuance is being made pursuant to:
- Section 42 and 62 of the Companies Act, 2013
- SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2018
- SEBI Master Circular no. HO/49/14/14(7)2025-CF1D-POD2/V/3 762/2026 dated January 30, 2026
Approvals Required
The issuance is subject to approval of:
- Members in the Extra Ordinary General Meeting
- Appropriate authorities
Meeting Details
- Date: 04 June 2026
- Commencement: 05:00 PM
- Conclusion: 09:15 PM