This is a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitted to BSE Limited and the National Stock Exchange of India Limited. The Board of Directors meeting was duly convened and held on Tuesday, October 20, 2026, commencing at 4:20 PM and concluding at 5:30 PM.
Key Board Approvals:
1. Enhancement of Borrowing Limits under Section 180(1)(c) of the Companies Act, 2013
The Board approved the proposal to enhance the borrowing limits from the existing ₹5,00,00,00,000 (Rupees Five Hundred Crores Only) to ₹10,00,00,00,000 (Rupees One Thousand Crores Only).
2. Enhancement of Limit for Creation of Charges/Mortgages under Section 180(1)(a) of the Companies Act, 2013
The Board approved the proposal to enhance the limit for creation of charges/mortgages on the company's assets from the existing ₹5,00,00,00,000 (Rupees Five Hundred Crores Only) to ₹10,00,00,00,000 (Rupees One Thousand Crores Only).
3. Enhancement of Limits for Loans, Investments, Guarantees and Securities under Section 186 of the Companies Act, 2013
The Board approved the proposal to enhance the company's limits for granting loans, making investments, providing guarantees and securities from the existing ₹5,00,00,00,000 (Rupees Five Hundred Crores Only) to ₹10,00,00,00,000 (Rupees One Thousand Crores Only).
4. Approval for Raising of Funds
The Board approved the proposal for raising funds for an aggregate amount not exceeding ₹325 Crores (Rupees Three Hundred and Twenty-Five Crores Only) or an equivalent amount. The fundraising may include equity shares and/or other eligible securities such as:
- Fully or partly convertible debentures
- Non-convertible debentures
- Warrants entitling holders to apply for equity shares
- Global Depository Receipts (GDRs)
- American Depository Receipts (ADRs)
- Foreign Currency Convertible Bonds (FCCBs)
- Any other eligible securities or instruments
- Any combination thereof
The fundraising may be conducted in one or more tranches through permissible modes including:
- Private placement
- Preferential issue
- Qualified Institutions Placement (QIP)
- Any other method or combination of methods
The proposed fundraising is subject to approval of shareholders and other statutory, regulatory and governmental approvals including under the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015.
5. Approval of Postal Ballot Notice
The Board approved the draft Notice of Postal Ballot for seeking shareholder approval for the aforesaid matters, along with the explanatory statement pursuant to Section 102 and other applicable provisions of the Companies Act, 2013. The notice with details regarding e-voting schedule, cut-off date and other information will be communicated to shareholders and submitted to stock exchanges in due course.
Annexure I Details:
- Type of securities: Equity shares, debt issue, or any other securities convertible into equity shares or combination thereof
- Type of issuance: Qualified institutional placements (QIP) in accordance with SEBI (ICDR) Regulations, 2018, Section 42 and other applicable provisions of Companies Act, 2013, or through any other permissible mode
- Total amount: Up to ₹325 Crores (inclusive of premium)
- Preferential issue details: Not Applicable
- Bonus issue details: Not Provided
- Depository receipts/FCCB details: Not Applicable
- Debt securities details: Not Applicable
- Cancellation/termination: Not Applicable
Additional Information:
The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The letter is digitally signed by Balakrishna Tati, Chairman & Managing Director (DIN: 02181095).