Corrigendum to EGM Notice Details Use of Rs. 525,99,98,250 Preferential Issue Proceeds

A corrigendum has been issued to the EGM Notice for the meeting on October 04, 2026, after BSE asked for clarifications on the proposed preferential issue.

Fri 25 Sep 2026

Capital Raise Amount

Rs. 525,99,98,250/-

Equity Shares to be Issued

10,78,974 equity shares

Capex Allocation

Rs. 190,24,10,535 by March 31, 2031

Inorganic Growth Allocation

Rs. 120,15,22,443 by March 31, 2032

Debt Repayment Allocation

Rs. 34,04,31,359 by March 31, 2031

What was shared

The company has issued a corrigendum to the Notice of its 01/2026-27 Extra-Ordinary General Meeting, scheduled for Sunday, October 04, 2026 at 10:00 a.m. through Video Conferencing / Other Audio-Visual Means. The EGM itself has not yet been held; Item No. 1 seeks shareholder approval for issuing equity shares on a preferential basis to proposed allottees in both QIB and Non-QIB categories, all in the Non-promoter category.

Why the corrigendum

The company had applied to BSE under Regulation 28(1) for in-principle approval for the proposed preferential issue. BSE advised the company to provide certain clarifications and additional information, to be given by way of a corrigendum to the EGM Notice. The corrigendum forms an integral part of the EGM Notice.

Revised objects of the preferential issue

The "Objects of the Preferential Issue" section has been substituted. The company intends to undertake a capital raise of an amount upto Rs. 525,99,98,250/- through issuance of 10,78,974 equity shares to eligible QIB and Non-QIB investors belonging to the Non-promoter category.

How the net proceeds are proposed to be used

• Capital expenditure for organic growth and expansion, including construction of manufacturing facilities, infrastructure, plant and machinery: 190,24,10,535 by March 31, 2031
• Inorganic growth, including strategic acquisitions and investments in present or future subsidiaries and associates: 120,15,22,443 by March 31, 2032
• Repayment or pre-payment of debt of the company and/or subsidiaries: 34,04,31,359 by March 31, 2031
• Working capital requirements: 50,06,34,351 by March 31, 2030
• Sub-total: 394,49,98,688
• General corporate purposes (capped at 25% of gross funds raised per the BSE circular): 131,49,99,562 by March 31, 2032
• Total: 525,99,98,250

Conditions attached

• The amounts for capex, inorganic growth and debt repayment are interchangeable at the Board's discretion, but any change shall not exceed +/- 10% of the amount specified for that object.
• Amounts allocated to specified objects cannot be shifted into General Corporate Purposes.
• Utilisation timelines start from the date of receipt of funds.
• Pending deployment, proceeds may be parked in money market instruments, money market mutual funds, bank fixed deposits or government securities.

What it means for investors

This is a procedural update that adds detail on how the proposed fundraise would be spent, following BSE's advice. Shareholders vote on the resolution at the EGM. If approved and completed, the issue of 10,78,974 new equity shares to non-promoter investors would expand the share capital. All other contents of the EGM Notice, including the explanatory statement, remain unchanged.

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