This is a regulatory disclosure intimation regarding the outcome of a Board of Directors meeting held on 6th November, 2026.
The Board approved a proposal to raise funds through the issuance of fully paid-up equity shares via a Rights Issue. The total amount to be raised is ₹1450 Crore (Rupees One Thousand Four Hundred and Fifty Crore).
A subsequent meeting of the Board of Directors is scheduled to be held on 13th November, 2026. The purpose of this meeting is to consider and approve various matters pertaining to the Rights Issue, including:
- Determination of the specific issue price
- Determination of the rights entitlement ratio
- Approval of the letter of offer
- Fixing the record date for determining eligible shareholders
- Determining the rights issue period
- Other incidental matters
The final approval and implementation of the Rights Issue are contingent upon receiving in-principle approval from the stock exchanges where the company's securities are listed (BSE Limited and National Stock Exchange of India Ltd.) or any other required regulatory authorities.
This intimation is issued in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The document has been digitally signed by PARVESH MADAN, Company Secretary & Compliance Officer (ACS-31266).
The intimation has also been uploaded on the company's website at: https://smlmahindra.com/IN.