Date: May 29, 2026

Board Meeting Outcomes

  • The disclosure serves as a clarification and rectification regarding the proposed Rights Issue timeline originally approved by the Board of Directors at its meeting held on May 21, 2026.
  • The Board had approved the detailed schedule and timeline for the Rights Issue pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations.
  • A minor error was identified in the initial timeline layout, leading to this rectified timeline that supersedes the previous schedule where applicable.
  • The company states there is no material discrepancy or deviation from the earlier disclosures.

Rights Issue Details

  • Instrument: Fully paid-up Equity Shares of face value of ₹1/- each.
  • Total Issue Size: 102,468,139 Rights Equity Shares.
  • Issue Amount: Up to ₹4980 Lakhs (₹49.80 crore) assuming full subscription.
  • Issue Price: ₹4.86 per Rights Equity Share (including a premium of ₹3.86 per share), payable fully on application.
  • Record Date: Wednesday, May 27, 2026 for determining eligible shareholders.
  • Rights Entitlement Ratio: 36 Rights Equity Shares for every 311 fully paid-up Equity Shares held as on Record Date.
  • Issue Opening Date: Thursday, June 11, 2026.
  • On-market Renunciation Period: Starts June 11, 2026 and ends Friday, June 19, 2026.
  • Off-market Renunciation: Must be completed so rights entitlements are credited to the renouncee's demat account on or prior to the Issue closing date.
  • Issue Closing Date: Wednesday, June 24, 2026.
  • Extension Clause: The Board of Directors and/or Rights Issue Committee retain the right to extend the Issue closing date, subject to the Issue Period not exceeding 30 days from the Issue Opening Date (inclusive).
  • ISIN for Rights Entitlement: INE482J20021.
  • Outstanding Equity Shares:
  • Prior to Rights Issue: 88,52,10,866 Equity Shares (885,210,866 shares)
  • Post Rights Issue (assuming full subscription): 98,76,79,005 Equity Shares (987,679,005 shares)

Other Disclosures

  • All other terms and conditions of the Issue will be detailed in the Letter of Offer.
  • The company reaffirms its commitment to maintaining transparency and ensuring timely dissemination of material information.