Board meeting on 6 October 2026 to consider fund raising via preferential equity shares and warrants

The Board of Directors is scheduled to meet on Tuesday, 6 October 2026.

Fri 2 Oct 2026

Board Meeting Date

Tuesday, 6 October 2026

Agenda Item 1

raising of funds by way of issuance of equity shares on a preferential basis

Agenda Item 2

Issuance of Warrants convertible into equity shares of the Company on a preferential basis

Agenda Item 3

Fixing of time, date and venue for conducting an Extra Ordinary General Meeting of the Company

Approval Condition

subject to such regulatory/statutory approvals as may be required, including approval of the Members of the Company

Board meeting on 6 October 2026

• The Company has informed BSE that its Board of Directors is scheduled to meet on Tuesday, 6 October 2026.
• The stated purpose is, inter alia, to consider and approve the items listed in the intimation.

What is on the agenda

• The proposal for raising of funds by way of issuance of equity shares on a preferential basis, subject to such regulatory/statutory approvals as may be required, including approval of the Members of the Company.
• Issuance of Warrants convertible into equity shares of the Company on a preferential basis.
• Fixing of time, date and venue for conducting an Extra Ordinary General Meeting of the Company to seek the approval of the members to the aforesaid businesses.
• Notice of the Extra Ordinary General Meeting of the Company.
• Any other item with the permission of the chair.

Plain-English reading of the two fund-raising items

A preferential issue means equity shares are offered to a select set of investors rather than to the public at large. Because it can change who owns what in the Company, the update itself records that approval of the Members of the Company is part of the required approvals.

A warrant is a right that can later be converted into equity shares of the Company. Here the warrants are described as convertible into equity shares on a preferential basis, alongside the direct equity share issuance that is also on the agenda.

Why the EGM item sits with the fund-raising items

The same meeting is to fix the time, date and venue of an Extra Ordinary General Meeting and to take note of its notice. That EGM is the forum where members would be asked to approve the fund-raising businesses described above.

Watch the verbs

The update says the Board is scheduled to meet to consider and approve these proposals. It uses the word proposal for the fund raise and states that the preferential issue is subject to regulatory/statutory approvals as may be required, including approval of the Members.

What a shareholder can take away

• Two separate instruments are on the table: equity shares on a preferential basis, and warrants convertible into equity shares on a preferential basis.
• Members' approval is part of the process set out in the update for the fund raise.
• An Extra Ordinary General Meeting is to be convened, with its time, date and venue to be fixed at this Board meeting.

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