Company Disclosure

Key Approval Details

  • Approving Authority: BSE Limited
  • Approval Reference: LOD/RIGHT/AM/FIP/431/2026-27
  • Approval Date: June 23, 2026
  • Issue Type: Rights Issue of Partly Paid-up Equity Shares
  • Issue Size: ₹47.57 Crores (Rupees Forty Seven Crores and Fifty Seven Lakhs Only)
  • Application Date: March 05, 2026 (original application to BSE)

Conditions and Requirements

BSE's approval is subject to several conditions:

  • The company must print a specific disclaimer clause in its Letter of Offer and all advertisements where BSE's name is mentioned
  • A record date must be fixed with at least three working days' advance notice to the Exchange
  • The rights issue price must be disclosed to the exchange at least 3 working days prior to the record date
  • The company must complete all legal and statutory formalities before finalizing offer documents
  • The company must confirm completion of posting of letter of offer and composite application form
  • The company must have agreements with all depositories for dematerialization of securities
  • Basis of Allotment must be approved by the Designated Stock Exchange, even in case of under-subscription
  • A qualified Company Secretary must serve as Compliance Officer
  • All applicable exchange charges must be paid
  • Compliance with Sections 186 and 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations must be ensured before filing listing application
  • A Secretarial Auditor certificate confirming ODI compliance must be procured before filing listing application

Disclaimer Requirements

BSE requires specific disclaimer language stating that the permission does not constitute clearance or approval of the letter of offer, nor certification of its correctness or completeness. Investors must be advised to refer to the full disclaimer clause in the letter of offer.

Next Steps

The in-principle approval is subject to the company completing post-issue requirements and complying with all necessary statutory, legal and listing formalities for final listing approval of the partly paid-up equity shares.

Financial Impact

Financial impact not quantified in the disclosure beyond the issue size of ₹47.57 crores.