The Committee reviewed a previous decision (from a meeting dated May 21, 2026) to extend the closing date of the ongoing Rights Issue to Friday, July 03, 2026. The Committee resolved to rescind and revoke that extension resolution with immediate effect, subject to the approval of the Stock Exchanges. The stated rationale for this revocation was to act in the best interest of shareholders to ensure expedited allotment and early listing procedures.

Consequently, in a subsequent meeting held on the same day at the Company's Corporate Office, the Committee considered and approved the following:

  • Approved a shortened extension of the Issue Closing Date.
  • The Rights Issue, which opened on Thursday, June 11, 2026, and was originally scheduled to close on Wednesday, June 24, 2026, shall now be extended only until Thursday, June 25, 2026. This approval is subject to the approval of the stock exchange(s).
  • There is absolutely no change to the trading period for the Rights Entitlement (RE), which already closed on Friday, June 19, 2026.
  • The proposed extension to June 25, 2026, is within the outer limit of 30 days from the Issue Opening Date (June 11, 2026), as prescribed under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The disclosure notes that the Company has already received approval from the Stock Exchange for an extension until July 03, 2026. The Company will now request the Stock Exchange to reduce this extension period and allow the Rights Issue to close on June 25, 2026. If the Company does not receive this approval, the Rights Issue will remain open until the previously approved date of July 03, 2026.

The ongoing Rights Issue is for the issuance of up to 10,24,68,139 Fully Paid-Up Equity Shares of a face value of ₹1 each. The Issue Price is ₹4.86 per Rights Equity Share, aggregating up to ₹4,980 Lakhs (₹49.80 Crores). This is in terms of the Letter of Offer dated May 21, 2026.

The Rights Issue Committee meeting commenced at 06:15 P.M. and concluded at 06:40 P.M.

The document is signed by Mona Shah, Director (DIN: 02343194), and includes her digital signature timestamped on June 24, 2026, at 19:45:30 IST.