EGM Rescheduled to October 30, 2026 for Proposed Preferential Issue Approval

The Board has rescheduled the Extraordinary General Meeting (EGM).

Tue 29 Sep 2026

Original EGM Date

Tuesday, October 20, 2026 at 11:00 A.M. IST

Rescheduled EGM Date

Friday, October 30, 2026 at 11 A.M. IST

EGM Mode

Video Conferencing / Other Audio Visual Means

Board Approval Date

September 23, 2026

What was announced

The Board of Directors met and rescheduled the Extraordinary General Meeting (EGM) of members.

• Original schedule: Tuesday, October 20, 2026 at 11:00 A.M. IST
• Revised schedule: Friday, October 30, 2026 at 11 A.M. IST
• Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
• Board meeting commenced at 04:40 p.m. and concluded at 05:00 p.m.

Why the EGM is being held

The EGM seeks members' approval for matters relating to the proposed preferential issue of equity shares. This includes:

• issuance of equity shares for consideration other than cash by way of share swap
• issuance of equity shares for cash consideration

These were approved by the Board at its meeting held on September 23, 2026.

Simple explanation

A preferential issue means new shares are issued to selected persons rather than to the public. A share swap means shares are issued in exchange for something other than money, such as shares of another entity. Such issues require shareholder approval, which is the purpose of this EGM.

What stays the same

Except for the change in date and time, all other terms and conditions in the earlier intimation dated September 23, 2026 remain unchanged. The EGM Notice carrying the revised date, time and other particulars will be circulated to members and shared with the stock exchange under the Companies Act, 2013 and SEBI LODR Regulations.

How investors may read it

This is a procedural change of meeting date. The substantive item — the proposed preferential issue — still awaits shareholder approval, and the detailed terms will be set out in the EGM Notice. Existing shareholders may note that a preferential issue, if approved and completed, typically changes the shareholding pattern.

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