Summary of Key Information:
Nature of Filing / Announcement: Closure and allocation of Qualified Institutional Placement (QIP) of equity shares
Date of Board Meeting / Approval: September 25, 2026
Meeting Time: Commenced at 7:45 PM, concluded at 8:00 PM
Corporate Actions:
- Qualified Institutional Placement of equity shares approved and closed on September 25, 2026
- Allocation of 11,97,318 Equity Shares of face value ₹10 each
- Issue price: ₹2088 per Equity Share (including a premium of ₹2078 per equity share)
- Price represents a discount of ₹109.10 per Equity Share (4.97% discount) to the floor price of ₹2197.10 per Equity Share
- Floor price determined in accordance with Regulation 176(1) of SEBI ICDR Regulations
- Placement Document dated September 25, 2026 approved and adopted
- Refund intimation letters to be issued to bidders entitled to refunds
Regulatory Disclosures:
- Issue conducted under Chapter VI of SEBI ICDR Regulations and Sections 42 & 62 of Companies Act, 2013
- Trading window for designated persons was closed from September 24, 2026 for 48 hours due to the QIP issue
- Placement Document is being filed with the exchanges
Other Significant Information:
- Issue opened on September 24, 2026
- Fundraise Committee meeting was intimated to exchanges on September 24, 2026