Date: June 24, 2026
Share Sale Disclosure
Purpose and Context:
- Mrinaal Mittal, a member of the Promoter Group, intends to sell equity shares in the open market to enable the company to comply with minimum public shareholding requirements
- The sale is being undertaken in accordance with Rule 19(2)(b) and 19(A) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023 and Master Circular reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Sale Details:
- Seller: Mrinaal Mittal (Promoter Group member)
- Shares to be Sold: Up to 2.99% of total paid-up equity share capital
- Quantity: 46,82,916 Equity Shares (face value ₹5 each)
- Method: Open market sale
- Timeline: Period beginning from June 25, 2026 until August 31, 2026 or actual completion date, whichever is earlier
- Execution: May be completed in single or multiple tranches
Current Shareholding:
- Promoter and promoter group aggregate holding: 12,20,99,880 equity shares
- Percentage of total paid-up equity share capital: 77.99% (as of June 24, 2026)
Undertaking:
- Promoters and members of Promoter Group have provided undertaking that they shall not buy any Equity Shares in the open market on the dates when the Proposed Sale is undertaken
- The undertaking is attached as Annexure 1 to the disclosure
Additional Information:
- Document includes standard disclaimer that this is not an offer of securities for sale in the United States
- Mrinaal Mittal's address: K No. 217, Ground Floor, Village-Gadaipur, Sultanpur Farms, Sultan Pur, Delhi-110030