EGM Details

  • Date: Saturday, August 01, 2026
  • Time: 03:00 PM IST
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Cut-off date for eligibility: Saturday, July 25, 2026
  • Remote e-voting period: Wednesday, July 29, 2026 (9:00 AM IST) to Friday, July 31, 2026 (5:00 PM IST)
  • E-voting facility provided by: Central Depository Services Limited (CDSL)

Resolutions Proposed

Item 1: Raising Capital via Qualified Institutions Placement (Special Resolution)

  • Purpose: To raise capital through issuance of Eligible Securities via QIP
  • Maximum amount: ₹1800 Crores (Indian Rupees One Thousand Eight Hundred Crores Only)
  • Eligible Securities: Equity shares (face value ₹10), non-convertible debt instruments with warrants, convertible securities other than warrants
  • Allotment to: Qualified Institutional Buyers (QIBs) only, excluding promoters and related parties
  • Pricing: At or above QIP Floor Price determined per SEBI ICDR Regulations, with discount up to 5% permitted
  • Minimum allotment: 10% to mutual funds, with reallocation to other QIBs if undersubscribed
  • Lock-in: 1 year from allotment date for allottees
  • Tenure: Convertible/exchangeable securities not to exceed 60 months from allotment
  • Monitoring: SEBI-registered credit rating agency required since issue size exceeds ₹100 crore
  • Utilization: Funds for organic/inorganic growth, subsidiary funding, debt repayment, and general corporate purposes (not exceeding 25% for general corporate purposes)
  • Time limit: Allotment to be completed within 365 days from resolution date

Item 2: Increase in Limits under Section 186 of Companies Act, 2013 (Special Resolution)

  • Purpose: Increase limits for loans, guarantees, securities, and investments in other bodies corporate
  • New limit: ₹2000 Crores or 60% of paid-up share capital + free reserves + securities premium account or 100% of free reserves + securities premium account, whichever is higher
  • Current outstanding (as of March 31, 2026): ₹1198.82 crores, predominantly to wholly-owned subsidiaries
  • Rationale: Support subsidiaries/step-down subsidiaries for expansion and operational requirements

Item 3: Increase in Borrowing Powers (Special Resolution)

  • Purpose: Enhance borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Current limit: ₹350 Crores (approved in 59th AGM on September 30, 2022)
  • Proposed new limit: ₹600 Crores (Rupees Six Hundred Crores Only)
  • Borrowing sources: Banks, financial institutions, persons, foreign lenders, body corporates/entities/authorities
  • Currency: Indian rupees or permitted foreign currencies

Item 4: Creation of Charge for Securing Borrowings (Special Resolution)

  • Purpose: Create charges/mortgages/hypothecations on company assets to secure borrowings
  • Current limit: ₹350 Crores (approved in 59th AGM on September 30, 2022)
  • Proposed new limit: ₹600 Crores (Rupees Six Hundred Crores Only)
  • Security: First/subsequent charges on all movable/immovable properties, present or future
  • Beneficiaries: Financial institutions, bankers, other lenders, trustees for debenture/bond holders

Voting Arrangements

  • Remote e-voting through CDSL from July 29-31, 2026
  • E-voting during EGM available only to shareholders attending via VC/OAVM who haven't voted remotely
  • Scrutinizer: Mr. Amit Gupta of M/s. Amit Gupta & Associates (Certificate of Practice No. 4682)
  • Results to be declared within two working days post-EGM and posted on company website

Key Managerial Personnel

  • Company Secretary and Compliance Officer: Pragati Gupta Agrawal
  • Signed and issued the notice on behalf of the Board of Directors