Key Decision Approved
The Board of Directors, in its meeting held on Thursday, July 02, 2026, approved raising funds through the issuance of equity shares by way of a rights issue.
Quantitative Details
- Security Type: Equity shares with a face value of ₹10 each.
- Maximum Issue Size: ₹800.00 Lakhs (₹8 Crores).
- Eligibility: Equity shareholders of the company as on a record date to be determined and notified later.
Conditions and Approvals
The rights issue is subject to:
- Receipt of statutory/regulatory approvals.
- Compliance with the amended SEBI (Issue of Capital and Disclosure Requirements) Amendment Regulations, 2025 (SEBI ICDR Regulations).
- Receipt of necessary approvals as may be required.
- Receipt of in-principle approval from the stock exchange for determining the number of equity shares to be issued.
Future Determinations
The detailed terms of the rights issue, including the issue price, rights entitlement ratio, record date, timing, and terms of payment, will be determined by the Board in due course in accordance with applicable laws and subject to necessary approvals.
Meeting Details
The board meeting commenced at 12:00 P.M. and concluded at 1:00 P.M. on July 02, 2026.
Annexure Details
Annexure-A provides specific disclosures as required by the SEBI Master Circular, confirming the type of security (equity shares), type of issuance (rights issue), and the approximate amount (₹800 Lakhs). It states that the cancellation of the proposal is not applicable.