The Board will consider and approve the following agenda items:
- A proposal for raising funds of up to ₹3200 Crore, in one or more tranches, through issuance of equity shares and/or other eligible securities
- Permissible modes include Preferential Issue, Qualified Institutions Placement (QIP), Rights Issue, Private Placement, Convertible Warrants, Convertible Securities, or any other mode permissible under applicable laws
- The fund raising is subject to approval of shareholders and receipt of applicable statutory and regulatory approvals
- Proposed utilization of proceeds includes:
- Setting up Artificial Intelligence (AI) Development Centres in Gujarat
- Investment in AI infrastructure, data centres, cloud computing and technology platforms
- Research & Development
- Strategic acquisitions, investments and collaborations
- Working capital requirements
- General corporate purposes
- Consideration of convening an Extraordinary General Meeting (EGM) and/or seeking shareholders' approval by Postal Ballot, if required
- Appointment of merchant bankers, legal advisors and other intermediaries in connection with the proposed fund raising
- Consideration of other matters incidental or ancillary to the above
The Trading Window for dealing in the securities of the Company shall remain closed for all Designated Persons in accordance with the Company's Code of Conduct and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will reopen 48 hours after the declaration of the outcome of the Board Meeting.