Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting - Fundraising and AGM Notice
Date of Board Meeting / Approval: August 28, 2026
Audit Opinion: Not Specified
Auditor's Comment: Not Specified
Key Financial Highlights:
Standalone Results: Not Specified
Consolidated Results: Not Specified
Corporate Actions:
Fundraising Approval: Board approved raising funds through preferential issue of up to 15,00,000 (Fifteen Lakhs) warrants to Non-Promoter Investors.
Warrant Details:
- Each warrant convertible into 1 Equity Share of Face Value ₹2
- Issue Price: ₹60 per warrant (including Premium of ₹58)
- Total amount: ₹9,00,00,000 (Rupees Nine Crores Only)
- Conversion period: 18 months from date of allotment
- Conversion can be exercised in one or more tranches
- Full warrant price payment required before conversion option exercise
Investor Details:
- Single allottee: Raavi Enterprise (Non-Promoter)
- Number of warrants: 15,00,000
- Investment amount: ₹9,00,00,000
Approval Requirements: Subject to approval of regulatory/statutory authorities and members of the Company at ensuing Extra Ordinary General Meeting.
Other Significant Information:
Meeting Duration: Commenced at 11:30 AM and concluded at 3:45 PM
Documentation:
- Filed pursuant to Regulation 30 of SEBI LODR Regulations
- Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Company Information:
- Corporate Office: C-42, TTC Industrial Area, MIDC, Village Pawane, Navi Mumbai, Maharashtra-400705