Board approves rights issue of equity shares up to Rs. 27,00,00,000; appoints Company Secretary

Board of Directors approved issue and allotment of equity shares of face value Re. 1/- each on a rights basis, up to an aggregate amount of Rs. 27,00,00,000/- (Rupees Twenty Seven Crore only).

Fri 9 Oct 2026

Rights Issue Size

up to an aggregate amount of Rs. 27,00,00,000/- (Rupees Twenty Seven Crore only)

Face Value Per Share

Re. 1/- each

Company Secretary Appointment

Ms. Anshu Kalra appointed Company Secretary & Compliance Officer effective October 06, 2026

Rights issue of equity shares approved

• The Board approved the issue and allotment of equity shares of face value Re. 1/- each on a rights basis, up to an aggregate amount of Rs. 27,00,00,000/- (Rupees Twenty Seven Crore only).
• A rights issue gives eligible existing equity shareholders the first option to subscribe to new shares, generally in proportion to their existing holding.
• The issue is proposed to eligible equity shareholders of the company as on the record date, which is to be notified subsequently.
• The terms of the issue are to be decided by the Board of Directors or a duly constituted committee of the Board at a later date.
• The issue is subject to receipt of regulatory and statutory approvals, in accordance with Section 62(1)(a) of the Companies Act, 2013 and the applicable laws, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the SEBI Listing Regulations.
• The Board also approved the Draft Letter of Offer in connection with the issue.
• The company stated it is in the process of submitting the in-principle application with the exchange under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Secretary and Compliance Officer

• The Board considered and appointed Ms. Anshu Kalra (ICSI Membership No. A81607) as Company Secretary & Compliance Officer of the company, effective from October 06, 2026.
• The company stated that the necessary disclosure for this appointment had already been submitted to the exchange on October 06, 2026.

What the terms mean for a shareholder

• Because price and ratio are yet to be decided, the exact number of shares to be issued and the entitlement per shareholder will be known only once those terms are set.
• The rights issue is an offer to eligible shareholders; whether to subscribe is the shareholder's own decision.
• The board meeting was held on Friday, October 09, 2026, commencing at 05:00 P.M. (IST) and concluding at 05:30 P.M. (IST).

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