Board meeting on October 14, 2026 to consider and approve fund raising via Rights Issue

Board meeting scheduled for Wednesday, October 14, 2026.

Sat 10 Oct 2026

Board Meeting Date

Wednesday, October 14, 2026

Agenda

to consider and approve fund raising by way of issue of equity shares through a Rights Issue

Trading Window

already closed, stays closed until 48 hours after September quarter results

What the company informed the exchange

• A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, October 14, 2026.
• The meeting will, inter alia, consider and approve the proposal for fund raising by way of issue of equity shares through a Rights Issue.
• The intimation is in furtherance to the Board Meeting Outcome dated June 03, 2026.
• The Trading Window for dealing in the securities of the company is already closed and shall continue to remain closed until 48 hours after the declaration of Un-Audited Financial Results for the quarter and half year ended September 30, 2026.

What a rights issue is

A rights issue is a way for a listed company to raise fresh money by offering new equity shares to the people who already own its shares.

• The offer goes to existing shareholders first.
• New shares are usually offered in a fixed proportion to the shares a holder already owns.
• Each shareholder decides whether to subscribe; an entitlement can typically also be renounced in favour of someone else.

Because new shares are added, the total number of shares of the company rises. A shareholder who does not subscribe may end up holding a smaller percentage of the company than before. That is why the terms of the offer matter.

This update is a prior intimation

It tells the exchange that the item is on the agenda of a scheduled Board meeting. The proposal is to be considered and approved by the Board on October 14, 2026.

Trading window

The company's Code of Conduct for Prohibition of Insider Trading keeps the trading window for dealing in the company's securities closed. It stays closed until 48 hours after the September quarter and half-year results are declared.

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