Board meeting on 12 October 2026 to consider and evaluate fund-raising proposal

Board meeting on Monday, 12 October 2026 at 03:00 P.M. (IST).

Wed 7 Oct 2026

Board Meeting Date and Time

Monday, 12 October 2026 at 03:00 P.M. (IST)

Meeting Mode / Venue

video conferencing from the corporate office in Bangalore

Agenda

to consider and evaluate a proposal to raise funds

Fund-raising proposal on the Board agenda

The company has informed BSE that a meeting of its Board of Directors is scheduled for Monday, 12 October 2026 at 03:00 P.M. (IST). The meeting will be held at the corporate office at 902-904, 9th Floor, Prestige Meridian-1, 29, M.G. Road, Bangalore, via video conferencing.

What the Board will take up

• To consider and evaluate a proposal for raising funds by way of issuance of any instruments or securities.
• The modes named are Qualified Institutions Placement, private placement, preferential issue of securities, rights issue, or any other permissible mode, or any combination of these.
• The item is subject to the recommendation of the Audit Committee and the approval of the Board of Directors.

Approvals indicated

• The fund-raise would be subject to such statutory and regulatory approvals as may be required.
• It would also be subject to the approval of the members of the company at a General Meeting or through Postal Ballot, as applicable.

Why the mode matters

• Each route works differently for existing shareholders. A rights issue is normally offered to existing shareholders, while a Qualified Institutions Placement, private placement or preferential issue involves issuing securities to identified or select investors.
• The notice names all of these as modes the Board may consider, or any combination of them.

How a retail investor can read this

• This is an intimation of a scheduled Board meeting; the agenda is to consider and evaluate the fund-raising proposal.
• Depending on the mode and size eventually decided, an issue of securities can change the company's share capital base.
• The next information points would be the outcome of the Board meeting and any subsequent shareholder approval process, including through Postal Ballot where applicable.

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