Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting - Fundraising Approval

Key Financial Highlights:

Not Specified

Corporate Actions:

Fundraising Approval:

  • Board approved raising funds up to ₹400 Crores (Rupees Four Hundred crores)
  • Funds to be raised through issuance of various securities:
  • Equity shares of face value ₹10
  • Equity linked instruments
  • Convertible preference shares
  • Non-convertible debt instruments along with warrants
  • Fully convertible debentures
  • Partly convertible debentures
  • Any other securities convertible into equity shares (including warrants)
  • Any combination of the above securities

Fundraising Methods:

  • One or more tranches
  • Domestic offerings
  • Foreign market offerings
  • Public and/or private offerings
  • Rights offering
  • Preferential allotment (including Qualified Institutions Placement - QIP)
  • Any combination of the above methods

Approval Process:

  • Board authorized the Fundraise Committee to decide timing, price, terms and conditions of issuance
  • Subject to receipt of regulatory/statutory approvals
  • Subject to approval of Shareholders of the Company

Postal Ballot:

  • Board approved conducting Postal Ballot process to obtain shareholder consent
  • Approved draft of Postal Ballot Notice along with all incidental and ancillary matters

Other Significant Information:

Corporate Identity Number: L35921TN1960PLC004175

Factory: Padi, Chennai - 600 050