BSE Limited granted in-principle approval for the rights issue vide letter reference LOD/PREF/DA/FIP/345/2026-27 dated June 9, 2026
The company's application for the rights issue was originally submitted on April 13, 2026
Regulatory Requirements & Conditions
Company must include specific disclaimer clause in Letter of Offer and all advertisements where BSE's name is mentioned
Disclaimer must state that BSE's permission does not constitute clearance or approval of the offer document, nor certification of its correctness or completeness
Company must fix a record date for rights issue with at least three working days' advance notice to the exchange
Rights issue price must be disclosed to exchange at least three working days prior to record date
Post-Approval Compliance Requirements
Company must complete all legal and statutory formalities before finalizing offer documents
Company must confirm completion of posting of letter of offer & composite application form before dealings in Letters of Renunciation can be permitted
Company must enter into agreements with all depositories for dematerialization of securities and provide investors option to receive allotment in dematerialized form
Basis of Allotment must be approved by Designated Stock Exchange, even in case of under-subscription
Company must appoint a qualified Company Secretary as Compliance Officer as per Regulation 6(1) of SEBI LODR Regulations, 2015
Company must make payment of all applicable charges levied by exchange for usage of systems/software
Company must comply with Sections 186 and 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations before filing listing application
Company must procure ODI compliance certificate from Secretarial Auditor before filing listing application
