Key Corporate Actions Approved:

1. Increase in Authorised Equity Share Capital

  • Board approved subject to shareholders' approval an increase in existing authorised equity share capital from Rs. 76,50,00,000 (divided into 7,65,00,000 equity shares of Rs. 10 each) by Rs. 61,00,00,000.
  • Increase will be achieved through creation of 6,10,00,000 additional equity shares of Rs. 10 each.
  • Revised authorised equity share capital will be Rs. 1,37,50,00,000 divided into 13,75,00,000 equity shares of Rs. 10 each.
  • Existing preference-share authorisation of Rs. 50,00,000 remains unchanged.
  • Clause V of Memorandum of Association will be altered to reflect new authorised capital of Rs. 1,38,00,00,000 (including both equity and preference shares).

2. Bonus Issue Recommendation

  • Board recommended issue of 4 fully paid-up bonus equity shares for every 5 eligible equity shares held on record date.
  • Bonus issue will be effected after the proposed subdivision.
  • Subject to shareholders' approval, regulatory approvals, and capitalisation from eligible reserves or securities premium.
  • Record date will be communicated separately.

3. Stock Subdivision/Split

  • Board approved subject to shareholders' approval subdivision of each existing fully paid-up equity share of face value Rs. 10 into 10 fully paid-up equity shares of face value Re. 1 each.
  • Rationale: Improve individual-share accessibility and facilitate wider investor participation.
  • Aggregate paid-up capital remains unchanged by the split.

4. Dividend Consideration

  • Board discussed dividend proposal but decided to consider it at next quarterly review.
  • Decision will be based on evaluation of company's capital requirements and investment priorities.
  • No dividend declared or recommended at this meeting.

5. Extraordinary General Meeting (EGM)

  • Board approved convening EGM on Friday, 11 December 2026.
  • Purpose: Seek shareholders' approval for authorised-capital increase, Memorandum amendment, bonus issue, and sub-division.
  • Meeting time, mode, venue and voting arrangements will be notified in EGM notice.

6. Appointment of Scrutinizer

  • Board approved appointment of Mr. Abhishek Prakashchand Chhajed, Partner of SCS AND Co. LLP (LLPIN: AAV-1091), Company Secretary in Practice, as Scrutinizer for EGM voting process.

Detailed Annexure Disclosures:

Annexure I - Bonus Issue Details:

  • Type of securities: Fully paid-up equity shares of face value Re. 1 each (after split implementation)
  • Type of issuance: Bonus issue by capitalisation of eligible reserves/securities premium
  • Bonus ratio: 4:5 (four bonus shares for every five eligible shares)
  • Existing share capital (pre-split): 7,59,95,000 equity shares of Rs. 10 each; total paid-up equity capital Rs. 75,99,50,000
  • After 1:10 split (before bonus): 75,99,50,000 equity shares of Re. 1 each; paid-up capital remains Rs. 75,99,50,000
  • Proposed bonus issuance: 60,79,60,000 equity shares of Re. 1 each (assuming split-first sequencing)
  • Post-bonus paid-up capital: 1,36,79,10,000 equity shares of Re. 1 each; aggregate capital Rs. 1,36,79,10,000
  • Capitalisation requirement: Rs. 60,79,60,000 (subject to statutory/auditor confirmation of eligible reserves)
  • Approvals: Subject to shareholders' approval at EGM on 11 December 2026 and regulatory/exchange approvals

Annexure II - Sub-division Details:

  • Split ratio: 1:10 (one Rs. 10 share into ten Re. 1 shares)
  • Pre-split capital: 7,59,95,000 equity shares of Rs. 10 each (Rs. 75,99,50,000)
  • Post-split capital: 75,99,50,000 equity shares of Re. 1 each (Rs. 75,99,50,000)
  • Authorised capital revision: Existing Rs. 76,50,00,000 to increase by Rs. 61,00,00,000 to revised Rs. 1,37,50,00,000
  • After split implementation: Authorised equity capital will be 1,37,50,00,000 equity shares of Re. 1 each

All calculations based on 7,59,95,000 outstanding equity shares as stated in FY2026 annual report and September 2026 financial results. Actual entitlement dependent on record-date register.