Key Decisions and Approvals

Rights Issue Approval:

  • The Board of Directors approved raising funds of up to ₹1200 lakh (Twelve Hundred Lakhs) through issuance of equity shares on a rights basis to eligible equity shareholders as on a record date to be notified.
  • The issuance is subject to receipt of regulatory/statutory approvals and will comply with SEBI ICDR Regulations and Companies Act, 2013.
  • Detailed terms including issue price, rights entitlement ratio, record date, timing, and payment terms will be determined and disclosed to the exchanges in due course.

Regulatory Fine Matter:

  • The Board noted receipt of notices from BSE Limited (received June 15, 2026) and National Stock Exchange of India Limited (received June 15, 2026) regarding imposition of fines for non-compliance under Regulation 29(2)/29(3) of Listing Regulations for the month ended May 30, 2026.
  • The fine amount was ₹11,800 to each exchange (BSE and NSE), totaling ₹23,600.
  • The Company has paid both fines within the prescribed timeline.
  • The Board determined the non-compliance was inadvertent.

Compliance Improvements

  • The Board advised strengthening the compliance monitoring mechanism by:
  • Maintaining comprehensive exchange holiday calendars notified by BSE and NSE
  • Implementing a maker-checker process for all stock exchange filings
  • Prescribing internal cut-off timelines for preparation, review, and submission prior to regulatory due dates

Meeting Details

  • The Board Meeting commenced at 6:00 PM and concluded at 7:30 PM on June 30, 2026.

Additional Information

  • This intimation is being uploaded on the Company's website.
  • The disclosure is made pursuant to Regulation 30 read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated as on January 30, 2026.

Fine Details from Exchanges

National Stock Exchange Notice (NSE/LIST-SOP/FINES/0678 dated June 15, 2026):

  • Fine imposed for non-compliance with Regulation 29(2)/29(3) for month ended May 31, 2026
  • Fine amount: ₹10,000 basic + ₹1,800 GST = ₹11,800 total
  • Payment instructions provided via RTGS/NEFT to IDBI Bank

BSE Limited Notice (Ref: SOp.Review-15.06.2026 dated June 15, 2026):

  • Fine imposed for non-compliance with Regulation 29(2)/29(3) for May-26
  • Fine amount: ₹10,000 basic + ₹1,800 GST = ₹11,800 total
  • Payment instructions provided to virtual bank account BSER12443 at ICICI Bank