Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting for Preferential Allotment

Audit Opinion:

Not Specified

Key Financial Highlights:

Capital Structure Changes:

  • Pre-allotment paid-up equity share capital: Rs. 41,18,89,060/- (comprising 4,11,88,906 equity shares of Rs. 10/- each)
  • Post-allotment paid-up equity share capital: Rs. 60,34,59,860/- (comprising 6,03,45,986 equity shares of Rs. 10/- each)
  • Capital increase: Rs. 19,15,70,800

Corporate Actions:

Preferential Allotment Details:

  • Number of shares allotted: 1,91,57,080 equity shares
  • Face value: Rs. 10/- per share
  • Issue price: Rs. 13.05/- per share (including premium of Rs. 3.05/-)
  • Total consideration: Rs. 24,99,99,894/-
  • Allottee: B N G Investment LLC (Promoter)
  • Shares rank pari-passu with existing equity shares
  • Subject to lock-in restrictions under Chapter V of SEBI (ICDR) Regulations, 2018

Regulatory Approvals:

  • Board resolution passed: 20th March, 2026
  • Shareholder approval via special resolution: 11th April, 2026
  • NSE in-principle approval received: 3rd June, 2026

Ownership Changes:

Preferential Issue Impact on Promoter Holding:

  • B N G Investment LLC pre-issue holding: 1,52,87,356 shares (25.33%)
  • B N G Investment LLC post-issue holding: 3,44,44,436 shares (57.08%)
  • Increase in promoter stake: 31.75 percentage points

Other Significant Information:

  • Company CIN: L24100GJ2005PLC047292
  • Factory: Block No. 1133, Nr.GIDC-Chhatral Phase IV, At.: Chhatral, Ta. Kalol, Dist. Gandhinagar, Gujarat State