Board Meeting on October 3, 2026 to Evaluate Fund Raising via Equity Shares or Convertible Warrants

Board meets on Saturday, October 03, 2026 at the registered office.

Tue 29 Sep 2026

Meeting Date

Saturday, October 03, 2026

Meeting Location

Registered office in Gandhinagar, Gujarat

Agenda

Evaluate proposal for raising funds via equity shares, convertible equity warrants, or other permissible method

Approvals Required

Subject to regulatory, statutory, and shareholder approvals

Trading Window Status

Closed for insiders and designated persons

What was shared

The Company has given notice under Regulation 29 of SEBI LODR that a meeting of its Board of Directors is scheduled for Saturday, October 03, 2026 at the registered office in Gandhinagar, Gujarat.

Agenda

• To evaluate the proposal for raising of funds for augmenting the financial resources of the Company.
• The route may be issue of equity shares or convertible equity warrants or any other permissible method as decided by the Board.
• Any such issue is subject to regulatory and statutory approvals, including approval of shareholders.
• Any other matter with the permission of the Chairman.

How to read this

This is an intimation of a meeting, not a decision. The wording is "to evaluate the proposal", so the Board has not yet approved a raise. The size of the raise, the issue price and the exact instrument are matters that would follow later, and shareholder approval would be a further step.

For existing shareholders, a fresh issue of equity shares or convertible warrants, if eventually approved and completed, would expand the share capital and can dilute existing holdings, while also bringing fresh money into the business. The outcome of the meeting is what will tell investors the actual terms.

Trading window

In line with the Company's Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the Company's securities is closed for all insiders, including designated persons and their immediate relatives.

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