Board meeting on October 12, 2026 to consider and approve raising of funds

Board meeting scheduled for Monday, October 12, 2026.

Wed 7 Oct 2026

Board meeting date

Monday, October 12, 2026

Purpose

consider, evaluate and, if thought fit, approve raising of funds

Instruments / routes named

QIP, preferential issue, private placement, rights issue, further public offer, debt issue

What has been intimated

• A meeting of the Board of Directors is scheduled to be held on Monday, October 12, 2026.
• The Board will consider, evaluate and, if thought fit, approve raising of funds by way of issuance of equity shares and/or any other eligible securities or instruments.
• The instruments named are preference shares, convertible or non-convertible debentures, warrants, securities convertible into or exchangeable for equity shares, and/or any other equity-linked or other eligible securities, or any combination thereof, in one or more tranches.
• The modes named are qualified institutions placement, preferential issue, private placement, rights issue, further public offer, debt issue and/or any other method or combination permitted under applicable laws.

What the Board will decide

• The aggregate amount is to be such as may be determined by the Board.
• Issue size, price or pricing mechanism, timing and manner of issuance are also to be determined by the Board.
• The Board will also consider all matters incidental or connected, including the nature and type of securities or instruments and appointment of intermediaries or advisors, and, where required, seeking approval of the shareholders and other regulatory, statutory or other approvals, consents, permissions or sanctions.

How a retail investor can read this

• This is a proposal placed before the Board, not a completed fund raise. The update's own words are "consider, evaluate and, if thought fit, approve".
• The mode matters. A rights issue is offered to existing shareholders, while a preferential issue, qualified institutions placement or private placement brings in identified or institutional investors. How each affects existing shareholding differs, and the terms will be settled at the meeting.
• Because the size and the price or pricing mechanism are to be decided by the Board, the effect on existing shareholders can be assessed only once the outcome is announced.

Trading window

• The trading window for dealing in the securities of the company is presently closed for all Designated Persons and their immediate relatives.
• It will continue to remain closed until 48 hours after the announcement of the unaudited financial results for the quarter ended June 30, 2026 and the quarter and half year ended September 30, 2026.

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