Preferential Issue of Equity Shares

  • Approval: Board approved raising funds through preferential issuance of equity shares
  • Total Shares: 7,41,082 equity shares of face value ₹5 each
  • Issue Price: ₹2,341 per equity share (including premium of ₹2,336 per share)
  • Total Amount: ₹173,48,72,962 (One Hundred Seventy-Three Crore Forty-Eight Lakh Seventy-Two Thousand Nine Hundred Sixty-Two only)
  • Basis: Chapter V of SEBI ICDR Regulations, 2018
  • Condition: Subject to shareholder and regulatory approvals

Allottee Details

| Allottee | Category | Shares | Pre-Issue Holding | Post-Issue Holding |

| Anupam Rasayan India Limited | Promoter | 5,76,500 | 51,46,162 (24.26%) | 57,22,662 (26.07%) |

| Alrox Enterprises Private Limited | Non-Promoter | 1,00,000 | Nil | 1,00,000 (0.46%) |

| Vivek Jain | Non-Promoter | 53,395 | Nil | 53,395 (0.24%) |

| Tatvam Trade | Non-Promoter | 11,187 | Nil | 11,187 (0.05%) |

Pricing Rationale

The issue price of ₹2,341 per share is not lower than the floor price determined as on the relevant date of June 30, 2026 in accordance with SEBI ICDR Regulations.

Board Composition Changes

Appointment: Dr. D. Karthikeyan, IAS (DIN: 02259481) appointed as Chairperson and Additional Director (Category: Nominee Director, Non-Executive) effective July 6, 2026. He is a 1997 batch IAS officer currently serving as Principal Secretary to Government of Tamil Nadu and Chairman & Managing Director of TIDCO. Shareholder approval to be obtained within prescribed period.

Resignation: Mrs. Sandhya Venugopal Sharma, IAS (DIN: 08445015) resigned as Nominee Director, Non-executive effective July 6, 2026.

Senior Management Appointment

Mr. Yogesh Mittal appointed as President (Technical & Operations) effective July 6, 2026. He is a Chemical Engineer from IIT Roorkee with over 36 years of experience in chemicals manufacturing industry, having held senior positions at Deepak Fertilizers, Jubilant Life Sciences, Deepak Nitrite, SRF Limited, and Hikal Limited.

Corporate Actions

  • EGM: Extra-Ordinary General Meeting convened on July 30, 2026 through video conferencing to seek shareholder approvals for the above matters
  • NSE Listing: Board approved proposal for listing equity shares on National Stock Exchange of India Limited, subject to necessary regulatory approvals

Meeting Details

The Board meeting commenced at 12:00 Noon and concluded at 02:00 p.m. on July 6, 2026.