Board to Meet on 5 October 2026 to Decide Rights Issue Terms of up to Rs. 1,000 crores

Board meeting set for Monday, October 05, 2026 (or after in-principle approval from exchanges, whichever is later).

Mon 28 Sep 2026

Board Meeting Date

Monday, October 05, 2026 (or after in-principle approval from exchanges, whichever is later)

Rights Issue Amount

not exceeding Rs. 1,000 crores

Equity Share Face Value

₹10 each

Share Type

partly paid-up equity shares

Items to be Decided

issue price, payment mechanism, rights entitlement ratio, record date and timing

What was shared

The company has given advance notice of a Board meeting under the listing rules covering fund-raising intimations.

The meeting is scheduled for Monday, October 05, 2026, or after receipt of in-principle approval from the stock exchanges where its securities are listed or other regulatory authorities as may be required, whichever is later.

Agenda

• Various matters in connection with the Rights Issue of partly paid-up equity shares of face value ₹10 each
• Total amount not exceeding Rs. 1,000 crores
• Determination of the Rights Issue price and the related payment mechanism
• The rights entitlement ratio
• The record date and timing of the issue

What a rights issue means for a shareholder

In a rights issue, existing shareholders are offered new shares in proportion to their current holding, based on a ratio the Board will fix. "Partly paid-up" means investors pay only part of the price at the time of application, with the balance called up later by the company as per the payment mechanism the Board decides.

Shareholders on the record date get the entitlement. Those who choose not to subscribe may see their percentage shareholding reduced once the new shares are issued, though rights entitlements are generally tradable.

What to watch next

The key numbers — issue price, entitlement ratio and record date — are still to be decided at this meeting. This intimation follows the outcome of the Board meeting dated September 28, 2026.

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