Date: July 27, 2026
Board Meeting Outcomes
The Preferential Issue Committee of the Board of Directors, via Circular Resolution dated July 27, 2026, approved the allotment of 2,00,00,000 (Two Crore) warrants on a preferential basis.
Fundraising / Financing
Details of the Preferential Issue:
- Number of Warrants Allotted: 2,00,00,000
- Allottees: Promoter and Non-Promoter categories
- Conversion Right: Each warrant carries a right to subscribe to 1 (one) equity share
- Issue Price: ₹40 per warrant (comprising a face value of ₹10 and a premium of ₹30)
- Payment Terms: 25% of the issue price (₹10 per warrant) has been received as the minimum upfront consideration as prescribed under Regulation 169 of the SEBI (ICDR) Regulations, 2018. The balance 75% of the issue price (₹30 per warrant) is payable by the warrant holders over a period of 18 months.
Regulatory Approvals:
The allotment was made subsequent to receiving 'In Principle' approvals from the stock exchanges:
- NSE Reference: NSE/LIST/54777 dated July 14, 2026
- BSE Reference: LOD/PREF/DA/FIP/514/2026-27 dated July 15, 2026
Impact on Capital Structure:
The details of the pre and post-allotment paid-up equity share capital are as follows:
| Particulars | Number of Equity Shares | Amount (₹) |
| Pre-allotment paid-up share capital | 23,16,97,111 | 231,69,71,110 |
| Post-allotment paid-up share capital* | 25,16,97,111 | 251,69,71,110 |
*The post-allotment paid-up share capital is stated on a fully-diluted basis, assuming the full conversion of all 2,00,00,000 warrants into equity shares.