Board Meeting Details
- Meeting Date: Thursday, July 16, 2026
- Purpose: To consider and approve specific agenda items
Agenda Items
1. Review and Finalize Business Growth Strategy: The board will review and finalize the company's comprehensive business growth strategy for forthcoming quarters.
2. Fundraising via QIP: The board will consider and approve raising funds through Qualified Institutions Placement (QIP) in accordance with:
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Companies Act, 2013
- Other applicable laws, rules and regulations
Subject to regulatory, statutory approvals and shareholder approval.
Use of QIP Proceeds
The proceeds from the proposed QIP are intended to be primarily deployed towards:
- Supporting strategic growth initiatives
- Business expansion plans
- Capital requirements
- Other general corporate purposes
- Strengthening long-term growth trajectory
Debt Repayment Context
The company will complete repayment of remaining debt obligations during the current quarter (Q2 2026) through:
- Proceeds from earlier preferential issue of Fully Convertible Warrants to the Promoter
- Internal accruals
This debt repayment will enable the proposed QIP proceeds to be primarily deployed towards strategic growth initiatives.
Additional Agenda Item
3. Appointment of Intermediaries: The board will consider appointing intermediaries, advisors and other agencies required for the proposed QIP and approve seeking shareholder approval through appropriate mode.
Trading Window Status
In continuation of the earlier letter dated June 27, 2026 regarding 'Notice of Trading Window Closure':
- Trading window for trading/dealing in company shares remains closed
- Closure period: Until expiry of 2 days from the date of declaration of unaudited financial results for quarter ended June 30, 2026