Board to Meet on 1 October 2026 to Fix Rights Issue Price, Ratio and Record Date

The Board meets on Thursday, 1 October 2026 to decide key terms of the proposed Rights Issue.

Mon 28 Sep 2026

Meeting Date

Thursday, 1 October 2026

Meeting Purpose

Decide key terms of proposed Rights Issue

Agenda Items

Issue price, Rights Issue ratio, Record Date, other incidental matters

Prior Approval Date

28 March 2026

What was shared

The company gave BSE prior intimation under Regulation 29 of SEBI LODR that its Board of Directors will meet on Thursday, October 01, 2026.

Agenda of the meeting

• Approve the issue price of equity shares to be offered under the proposed Rights Issue
• Approve the Rights Issue ratio, i.e. how many rights shares are offered to existing eligible shareholders in proportion to their holding as on the Record Date
• Approve the Record Date that determines which shareholders are eligible to participate
• Transact other matters necessary or incidental to the above

Background

The Board had earlier, on 28th March, 2026, approved issuance of equity shares by way of a rights issue to eligible equity shareholders, in line with the Companies Act, 2013 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

What a rights issue means for a shareholder

In a rights issue, existing shareholders are offered new shares, usually in a fixed proportion to what they already hold, at a price set by the Board. Shareholders on the register as on the Record Date get the entitlement. Those who choose not to subscribe may see their percentage ownership reduced once the new shares are issued.

What to watch

The update states the rights issue remains subject to applicable laws, regulations, approvals and such terms as the Board may determine. The specific price, ratio and record date will be known from the outcome of the 1 October 2026 meeting.

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