Key Decision
Board of Directors at its meeting held on September 18, 2026 approved proposal for raising funds for an aggregate amount not exceeding ₹500 crores (Rupees Five Hundred Crores) during FY 2026-27, in one or more tranches.
Securities Details
The funds may be raised through issuance of:
- Equity shares having face value of ₹2 each
- Debt securities
- Convertible securities
- Depository receipts (ADR/GDR)
- FCCBs
- Warrants
- Preference shares
- Other eligible securities
- Any other financial instrument
Purpose of Fund Raise
The proposed fund raise will:
- Accelerate company's ongoing growth initiatives
- Fund working capital requirements
- Enhance capabilities to support long-term value creation
- Reinforce company's market leadership
- Position company to capture emerging growth opportunities in luggage and travel ecosystem
Modes of Issuance
The fund raising may be undertaken through one or more permissible modes:
- Public issue
- Rights issue
- Qualified institutions placement
- Debt issue
- Preferential issue
- Any other permissible mode and/or combination thereof
Approvals Required
Subject to receipt of statutory, regulatory, shareholders', stock exchange, and other approvals, permissions, and sanctions as may be required.
Meeting Details
Board meeting commenced at 02:00 PM and concluded at 03:30 PM on September 18, 2026.
Annexure Details (Regulation 30 Requirements)
- Type of securities: Equity shares (face value ₹2 each) and/or securities or any combination thereof
- Type of issuance: Through permissible modes including public issue, rights issue, QIP, debt issue, preferential issue or combination
- Total amount: Upto ₹500 crores inclusive of premium, in one or more tranches at permissible prices
- Preferential issue details: Not applicable
- Bonus issue details: Not applicable
- ADR/GDR/FCCB details: Not applicable
- Cancellation/termination: Not applicable