Board approves preferential allotment of 49,50,495 equity shares to a non-promoter investor

Board approved allotment of 49,50,495 equity shares on a preferential basis to Adiniya Investments Private Limited, a non-promoter public shareholder.

Thu 1 Oct 2026

Shares Allotted

49,50,495 equity shares on a preferential basis

Issue Price

INR 40.40 per share — face value INR 10 plus premium of INR 30.40 per share

Allottee Post-Issue Holding

49,50,495 shares, or 6.66% of the post-issue shares

Paid-up Equity Share Capital

INR 74,38,74,430, comprising 7,43,87,443 equity shares of Rs.10/- each

Listing

New shares rank pari-passu with existing shares and will be listed on BSE Limited

What the Board approved

• At its meeting held on 1st October 2026, the Board of Directors approved the allotment of 49,50,495 equity shares of face value INR 10/- each at an issue price of INR 40.40/- per share, including a premium of INR 30.40/- per share, on a preferential basis.
• The shares are allotted to a single allottee, Adiniya Investments Private Limited, in the non-promoter public shareholder category.
• The company said the allotment follows a special resolution passed by the members by postal ballot on 03rd September 2026 and the 'in-principle' approval granted by BSE Limited on 29th September 2026.

Who receives the shares

• Pre-issue holding of the allottee: 0 shares, being 0% of the pre-issued shares.
• Shares allotted: 49,50,495.
• Post-issue holding of the allottee: 49,50,495 shares, or 6.66% of the post-issue shares.
• Number of investors in this allotment: 1.

What changes in the share capital

• With this allotment, the paid-up equity share capital of the company stands increased to INR 74,38,74,430, comprising 7,43,87,443 equity shares of Rs.10/- each.
• The newly allotted shares will rank pari-passu in all aspects with the existing equity shares.
• The shares allotted will be listed on BSE Limited.

How to read this

• A preferential allotment means new shares are issued to a specific investor rather than to all shareholders. The allottee here is a non-promoter public shareholder.
• Because new shares are added, the equity base of the company expands from what it was before to the stated post-issue number of shares. The percentage holding of each existing shareholder in the enlarged capital is accordingly lower than before, and the allottee holds 6.66% of the post-issue shares.
• The update states the issue price at INR 40.40 per share, of which INR 10 is face value and INR 30.40 is premium.
• The details of the allotment are set out in Annexure-I and Annexure I(A) of the update, which list the allottee's name, category, pre-issue and post-issue shares and the issue price.

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