Board Defers Decision on Fund Raising to a Later Meeting

The Board met on 29 September 2026 (4:15 PM to 5:00 PM) to consider a fund raising proposal.

Tue 29 Sep 2026

Meeting Date and Time

29 September 2026 (4:15 PM to 5:00 PM)

Meeting Location

Registered office in Gandhinagar, Gujarat

Agenda Item

Proposal for raising of funds under SEBI (LODR) Regulations, 2015 and SEBI (ICDR) Regulations, 2018

Board Decision

Fund raising item deferred; requires further deliberation in a separate Board meeting

Details Decided

No amount, instrument or timeline for the fund raising has been decided at this stage

What was decided

The Board of Directors met on 29 September 2026 at the registered office in Gandhinagar, Gujarat. The meeting began at 4:15 P.M. and concluded at 5:00 P.M.

The Board considered and evaluated a proposal for raising of funds under SEBI (LODR) Regulations, 2015 and SEBI (ICDR) Regulations, 2018. After deliberations, the Board concluded that this agenda item requires further discussion and consideration.

Next step

• A separate meeting of the Board will be convened to further discuss and consider the fund raising matter.
• No decision on the mode, size or pricing of any fund raise has been taken at this meeting.

How to read this

A deferral means the proposal stays open rather than being rejected or approved. Investors watching this will look out for the notice of the next Board meeting, which would carry the specifics if and when the Board takes a decision.

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