Board Meeting on Rights Issue Terms Postponed Pending Exchange In-Principle Approval

The board meeting set for 29 September 2026 — to fix the record date, issue price and entitlement ratio for the Rights Issue — has been postponed.

Tue 29 Sep 2026

Original Board Meeting Date

29 September 2026

Purpose

Fix record date, issue price and entitlement ratio for Rights Issue

Reason for Postponement

In-principle approval from stock exchange still under process

New Meeting Timing

Within next working day after exchange approval letter received

Earlier Rights Issue Approval

23 September 2025

What was announced

The company informed BSE that the board meeting scheduled for 29 September 2026 has been postponed.

• The meeting was to consider and approve the record date, issue price, entitlement ratio and other terms of the Rights Issue.
• That Rights Issue was approved by the board in its meeting held on 23 September 2025.
• This letter follows an earlier intimation dated 24 September 2026.

Why it was postponed

The in-principle approval from the stock exchange for the Rights Issue is still under process.

New timing

The board meeting will now be held within the next working day after the in-principle approval letter is received from the stock exchange.

What it means for investors

A rights issue lets existing shareholders buy additional shares, usually at a set price and in a set ratio. Those key terms — price, ratio and record date — are still pending and will be decided once the exchange approval comes through. So the timeline has shifted, while the rights issue plan itself remains in place as approved by the board.

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