Date: 12th August, 2026
Board Meeting Outcomes
The company discloses corrections made to the Notice of Extra-Ordinary General Meeting that was originally dispatched on 23rd June 2026, following suggestions received from the National Stock Exchange of India Limited (NSE).
Fundraising / Financing
Preferential Issue of Warrants:
- The company is proceeding with issuance of warrants to proposed allottees by way of preferential issue
- Funds raised will be received in tranches over 18 months from the date of allotment of warrants
- Total estimated amount to be utilized: ₹16,00,22,493.00 (Sixteen Crore Twenty Two Thousand Four Hundred Ninety Three Rupees)
- Utilization purpose: Meeting working capital needs
- Utilization timeline: Within 1 year from the date of receipt of consideration
- The preferential issue is being conducted under Chapter V of the SEBI ICDR Regulations
Correction Details
The specific correction made relates to the utilization table on Page 17 of 27 of the original EOGM notice:
- The column heading "Total estimated amount to be utilized for each of the Objects (Rs. In Crores)" has been corrected to "Total estimated amount to be utilized for each of the Objects (Rs.)"
- The monetary amount of ₹16,00,22,493.00 remains unchanged despite the unit clarification