Board Meeting on 9 October 2026 to Consider Fund Raising by Rights Issue

The Board will meet on Friday, 9 October 2026 at 11:00 AM to consider and approve raising funds by issuing fully paid-up equity shares through a rights issue to existing eligible shareholders.

Thu 1 Oct 2026

Board Meeting Date

Friday, 9 October 2026 at 11:00 AM

Meeting Location

Corporate office in Jaipur

Trading Window Closure

1 October 2026 until 48 hours after the meeting ends

Capital Raising Method

Fully paid-up equity shares through rights issue to existing eligible shareholders

What was announced

The company has informed BSE and NSE that a meeting of its Board of Directors is scheduled for Friday, 9 October 2026 at 11:00 AM at the corporate office in Jaipur.

Agenda items

• To consider and approve raising funds by issuing fully paid-up equity shares by way of a rights issue to existing eligible equity shareholders, and to fix the quantum of the issue as permitted under applicable law and subject to regulatory or statutory approvals.
• To constitute a Rights Issue Committee empowered to take necessary actions and decide the terms and conditions of the rights issue.
• To approve the objects of the rights issue, that is, how the money raised would be used.
• Any other related matters.

What a rights issue means

In a rights issue, new shares are offered to existing shareholders in proportion to their current holding, usually at a set price and within a fixed time. Shareholders may subscribe, let the entitlement lapse, or in many cases renounce it. Shareholders who do not subscribe can see their percentage holding diluted once new shares are issued.

Trading window

Under the SEBI insider trading rules and the company's own code, the trading window is closed for all insiders, designated persons and their immediate relatives from 1 October 2026 until the expiry of 48 hours after the conclusion of the Board Meeting.

What to watch

• The size of the issue and the issue price.
• The entitlement ratio for existing shareholders.
• The stated objects, which indicate whether funds are for expansion, working capital or debt reduction.
• The record date, once announced.

This is an intimation of a scheduled meeting. The decision itself, including whether the rights issue is approved and on what terms, will be communicated after the Board meets.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.