Approved conversion of 12,07,842 partly paid rights shares into fully paid equity shares

The Rights Issue Committee approved conversion of 12,07,842 partly paid-up equity shares into 12,07,842 fully paid-up equity shares of face value ₹10 each.

Wed 7 Oct 2026

Shares Converted

12,07,842 partly paid-up equity shares into 12,07,842 fully paid-up equity shares of face value ₹10 each

Call Money Paid

First and Final Call Money of ₹10 per share (₹5 face value, ₹5 securities premium)

Fully Paid-up Share Capital

₹51,39,37,870 (5,13,93,787 shares) from ₹50,18,59,450 (5,01,85,945 shares)

What was approved

• The Rights Issue Committee of the Board of Directors, at its meeting held on October 07, 2026, approved the conversion of 12,07,842 partly paid-up equity shares into 12,07,842 fully paid-up equity shares of face value ₹10 each.
• The conversion applies to those shareholders who paid the First and Final Call Money of ₹10 per share — ₹5 towards face value and ₹5 towards securities premium.
• The meeting commenced at 11:00 am (IST) and concluded at 12:10 pm (IST).

Background of these shares

• These equity shares were issued and allotted on a rights basis at an issue price of ₹20 per share (including a premium of ₹10 per share), pursuant to the Letter of Offer dated July 08, 2025.
• Until the call money was paid, they were partly paid-up shares. The First Reminder cum Notice for payment of First and Final Call was dated August 29, 2026.
• The call payment period, including extension, ran from September 01, 2026 to October 01, 2026 (both days inclusive).

How the share capital changes

• Fully paid-up share capital has increased from ₹50,18,59,450 consisting of 5,01,85,945 Equity Shares of ₹10 each to ₹51,39,37,870 consisting of 5,13,93,787 Equity Shares of ₹10 each.
• The increase of 12,07,842 shares in the fully paid-up count matches the number of partly paid-up shares converted.

What this means for a retail investor

• Shareholders who paid the call money now hold fully paid-up equity shares, so no further call payment is due on those shares.
• The company has received the balance money on these rights shares, and the same shares have moved from partly paid-up to fully paid-up status.

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