Nature and Purpose of the Meeting

The Rights Issue Committee meeting was convened to approve the conversion of partly paid-up equity shares into fully paid-up equity shares following the receipt of outstanding call money payments. This follows previous intimations dated July 03, 2026, and July 14, 2026, regarding reminders for payment of outstanding First Call Money along with Second and Final Call Money.

Details of Resolutions Passed

The Committee approved the conversion of two categories of partly paid-up shares:

  • Tranche A: 8,795,395 shares that were 67% partly paid-up (comprising ₹0.67 towards face value and ₹95.81 towards securities premium) were converted into an equivalent number of fully paid-up equity shares. This conversion occurred upon realization of the remaining 33% of the partly paid-up amount.
  • Tranche B: 718,508 shares that were 34% paid-up (comprising ₹0.34 towards face value and ₹48.62 towards securities premium) were converted into an equivalent number of fully paid-up equity shares. This conversion occurred upon realization of the remaining 67% of the partly paid-up amount.

All converted shares have a face value of ₹1 each and an issue price of ₹144 per share (comprising ₹1 towards face value and ₹143 towards securities premium).

Financial Impact

Total capital raised through this conversion resulted in the allotment of 9,513,903 fully paid-up equity shares. The total issue value amounts to approximately ₹137 million (9,513,903 shares × ₹144 per share).

Timing of the Meeting

The meeting was held on August 24, 2026. The specific start and end times were not mentioned in the document.

Compliance References

The document references the company's previous communications regarding call money payments but does not explicitly cite specific regulations such as SEBI ICDR, Companies Act, or LODR.

Other Material Disclosures

The document does not disclose:

  • The use of proceeds from the rights issue
  • The specific timing of call money receipts
  • Details about the original rights issue terms
  • Any changes to the company's capital structure beyond this conversion