The meeting is scheduled to be held on Monday, August 10, 2026. The primary agenda item is to consider and approve the raising of funds through private placement of debt instruments.
The proposed fundraising involves issuance of Senior, secured, Unrated, Unlisted, redeemable, taxable, non-convertible debentures (NCDs) with specific characteristics:
- Face value: ₹10,00,000 (Indian Rupees Ten Lakh) per NCD
- Aggregate amount: Up to ₹165,00,00,000 (Indian Rupees One Hundred Sixty-Five Crores)
- Structure: May be issued in one or more tranches
- Security: Secured instruments
- Status: Unrated and Unlisted
- Taxability: Taxable
- Convertibility: Non-convertible
- Redemption: Redeemable
The fundraising is subject to obtaining necessary approvals under applicable laws.
Additionally, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct, the Trading Window for dealing in the company's securities has been closed for Designated Persons and their immediate relatives. The trading window closure period began prior to this announcement and will remain in effect until 48 hours after the outcome of the August 10, 2026 meeting is made publicly available.