Board approves preferential issue of up to 11,64,000 equity shares at ₹120 each

Board approved raising funds by issuing up to 11,64,000 equity shares at ₹120/- each (face value ₹10/-, premium ₹110/-), aggregating up to ₹13,96,80,000/-.

Sat 3 Oct 2026

Shares to be issued

up to 11,64,000 equity shares

Issue price

₹120/- each

Face value / Premium

face value ₹10/-, premium ₹110/-

Aggregate issue size

up to ₹13,96,80,000/-

EGM date

Saturday, October 31, 2026 at 12 P.M.

What the board decided

The board met on 03rd October, 2026 from 03:30 P.M. to 04:00 P.M. and approved raising funds by issuing equity shares to a selected set of investors, which is called a preferential issue.

Terms of the issue

• Number of shares: up to 11,64,000 (Eleven Lakh Sixty Four Thousand) fully paid-up equity shares
• Face value: ₹10/- per share
• Issue price: ₹120/- per share, including a share premium of ₹110/- per share
• Total amount: up to ₹13,96,80,000/-
• Price determined under Regulation 166A read with Regulation 164 of the SEBI (ICDR) Regulations, 2018
• The issue is subject to receipt of necessary approvals
• Number of investors stated in the disclosure: up to 10

How a preferential issue works

Here the shares are allotted to a chosen set of investors instead of being offered to all existing shareholders in proportion to their holdings. The company receives the issue amount, and the total number of equity shares of the company increases by the number of shares allotted.

Who is proposed to receive the shares

Annexure A sets out the proposed allottees. The category shown against each of them is Non-Promoter. The proposed allotments in that list include 165000 shares (the largest entry), 126000, several entries of 90000, then 42000 and 21000 shares. The total shown in the list is 11,64,000 shares.

Next step - shareholder meeting

• An Extra Ordinary General Meeting of the company has been decided for Saturday, October 31, 2026 at 12 P.M. at the registered office.
• M/s. Nisarg Sharma & Associates (CP. No. 17088) has been appointed as Scrutinizer for the remote e-voting process at the EGM.

Points a retail investor may track

• The issue size is up to ₹13,96,80,000/-, against an issue price of ₹120/- per share.
• Because new shares are being issued, an existing shareholder's holding would represent a smaller percentage of the company's total shares once the shares are allotted.
• The shares are proposed to be allotted to investors shown in the Non-Promoter category.
• The allotment is subject to receipt of necessary approvals and to the shareholder meeting.

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