Last Date for Rights Issue First and Final Call of ₹7.50 Extended to October 9, 2026

Board has extended the last date for paying the First and Final Call on partly paid-up rights shares to Friday, October 9, 2026.

Sat 26 Sep 2026

Extended Payment Deadline

Friday, October 9, 2026

Call Amount per Share

₹7.50

Total Issue Price

₹10.00 per share

Application Money Paid

₹2.50 per share

Rights Issue Ratio

3 rights shares for every 1 fully paid-up share

What was announced

The Board, at its meeting held on September 23, 2026, approved an extension of the last date for payment of the First and Final Call on partly paid-up equity shares to Friday, October 9, 2026.

The money involved

• Rights issue price was ₹10.00 per equity share (full face value), offered in the ratio of 3 rights shares for every 1 fully paid-up share held on the Record Date of January 15, 2025.
• ₹2.50 per share was collected as application money; shares were allotted on February 13, 2025.
• The balance ₹7.50 per share is the First and Final Call, approved by the Rights Issue Committee on January 31, 2026.
• Amount due is calculated as number of partly paid-up shares held on the Call Record Date (February 05, 2026) multiplied by ₹7.50.

Why the extension

The original last date was March 02, 2026. A reminder notice was sent on April 17, 2026, open till May 30, 2026. The Board said it considered representations from certain shareholders seeking more time, prevailing market environment and liquidity conditions, and the aim of equitable opportunity to all shareholders and smooth completion of the rights issue.

What happens if you do not pay

If the call remains unpaid on or before October 9, 2026, the partly paid-up shares, including the amount already paid on them, are liable to be forfeited under the Companies Act, 2013, the Articles of Association, SEBI (ICDR) Regulations, 2018 and the Letter of Offer. Forfeiture would follow only after due notice as prescribed in the Articles.

How to pay

• Payment only by cheque or demand draft favouring the Rights Issue Allotment Account, or by online transfer to that account.
• The Payment Slip must accompany the cheque or demand draft and be sent to the registered office in Chennai.
• Cash, money orders, postal orders and post-dated cheques are not accepted; third-party bank account payments are liable to be rejected.
• Shares must be held in the demat account mentioned in the Payment Slip, otherwise conversion to fully paid-up may be rejected and payment returned.
• Excess, duplicate or invalid payments will be refunded to the same bank account.

Trading status

Trading in the partly paid-up equity shares (ISIN IN9526B01012) remains suspended on the stock exchanges on account of the First and Final Call.

How to read this

For holders of the partly paid-up shares, this gives extra time to pay the remaining ₹7.50 per share. A second extension of the call deadline can be read as a sign that collections are still incomplete, while the company frames it as ensuring equitable opportunity to all shareholders.

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