Nature of Disclosure: Regulatory filing to BSE Limited regarding prior intimation of an upcoming Board of Directors meeting under SEBI Listing Regulations.
Board Meeting Details: The Board of Directors meeting is scheduled for Friday, June 12, 2026. The agenda includes consideration and approval of several matters related to fundraising.
Fundraising Proposal: The Board will consider and evaluate a proposal for raising funds through issuance of various instruments including:
- Equity shares
- Convertible securities of any description
- Convertible preference shares
- Non-convertible securities
- Warrants
- Any combination of the above instruments
Fundraising Methods: The funds may be raised through:
- Preferential issue
- Private placement
- Qualified institutions placement (QIP)
- Other permissible methods allowed under applicable laws and regulations
Approval Requirements: The fundraising is subject to obtaining necessary regulatory, statutory, and shareholder approvals as required.
Committee Formation: The Board will consider constituting a committee for purposes of:
- Fund raise execution
- Offer and allotment of Equity Shares
- Other matters incidental to the fund raise
- Determining pricing and terms of instruments
- Setting issue price
- Determining size and all other terms and conditions
- Deciding number of Equity Shares to be issued and offered
The committee formation will be in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI Listing Regulations.
Shareholder Approval: The Board will consider convening an Extra-Ordinary General Meeting (EGM) or initiating a postal ballot process to seek shareholder approval for the proposed fund-raising proposal in accordance with applicable provisions of law and regulatory requirements.
Trading Window Closure: Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window will be closed from Tuesday, June 09, 2026 until 48 hours after the completion of the Board Meeting. The closure applies to:
- Designated persons
- All Promoter and Promoter Group members
- Directors
- KMP's
- Designated Persons/Employees/connected persons
- Fiduciary
- Insiders and their immediate relatives
During the closure period, these persons are prohibited from trading in the company's shares/securities.
Additional Filing: The company is in the process of filing this corporate announcement under Regulation 29(1) in XBRL format within stipulated time, which will also be hosted on the company's website.
Financial Impact: Financial impact not quantified in the disclosure. The specific amount to be raised, instrument details, and dilution impact will be determined by the Board and subject to approvals.