1. Fundraising via Rights Issue
The Board approved raising funds through issuance and allotment of equity shares on a rights basis:
- Security Type: Equity shares of face value of ₹1 each
- Total Amount: Up to ₹27,00,00,000 (Rupees Twenty Seven Crore only)
- Basis: Rights issue to eligible equity shareholders as on record date (to be notified subsequently)
- Terms: To be decided by the Board of Directors or a duly constituted committee at a later date
- Regulatory Compliance: Subject to receipt of regulatory/statutory approvals
- Legal Framework: In accordance with Section 62(1)(a) of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended), and SEBI Listing Regulations
2. Corporate Office Relocation
The Board decided to shift the corporate office of the Company:
- From: Unit No. C-801, 8th Floor, 1318 Super built-up area, "Krish Cubical" building, Govardhan Partyplot Avalon Hotel Road, Sindhu Bhavan Marg, Thaltej, Ahmedabad-380059, Gujarat
- To: 118, Sun Gravitas, 1st Floor, Near Shyamal Bridge Radio Mirchi Road, Satellite, Ahmedabad-380015
The Board also decided that the Books of Accounts of the Company will be maintained at this new corporate office location.
Meeting Details
The board meeting commenced at 05:45 PM (IST) and concluded at 06:00 PM (IST) on September 10, 2026.
The disclosure includes Annexure A with detailed information as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/015 dated November 11, 2024, specifically addressing the issue of securities on rights basis.