Board Meeting on October 1, 2026 to Consider Preferential Issue of Equity Shares and Object Clause Change

Board meets Thursday, October 1, 2026 at 1.30 p.m.

Mon 28 Sep 2026

Board Meeting Date

Thursday, October 1, 2026 at 1.30 p.m.

Agenda Item 1

Change of the Object Clause (the company's stated business purposes)

Agenda Item 2

Proposal to issue equity shares by way of a preferential issue on private placement basis to specified allottees

Agenda Item 3

Approval of a Postal Ballot Notice and appointment of a scrutinizer

Regulatory Framework

Prior intimation under Regulation 29(1) of the SEBI Listing Regulations

What was shared

The company gave BSE prior intimation, under Regulation 29(1) of the SEBI Listing Regulations, that its Board of Directors will meet on Thursday, October 1, 2026 at 1.30 p.m.

Agenda placed before the Board

• Change of the Object Clause of the company
• Proposal for issuance of equity shares by way of preferential issue on private placement basis to specified allottees
• Approval of the Postal Ballot Notice
• Appointment of a scrutinizer for the postal ballot
• Any other business with the permission of the Chair

What these terms mean

A preferential issue on a private placement basis means new shares are offered to a selected set of investors rather than to the public at large. If it goes through, the company receives fresh capital and the total number of shares outstanding rises, which can reduce the proportionate holding of existing shareholders.

The Object Clause is the part of a company's constitutional documents that sets out the businesses it may carry on. Changing it usually signals an intention to enter or add a line of activity, and it requires shareholder approval.

A postal ballot is the mechanism by which shareholders vote on such resolutions without a physical meeting; a scrutinizer independently oversees the voting.

How to read it

This is an intimation of an agenda, not an announcement of completed decisions. The size of the proposed issue, the price, the identity of the allottees and the exact new objects are matters that would follow the Board's consideration and the shareholder vote.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.