Board Meeting on October 1, 2026 to Consider Fund Raising

Board meets on Thursday, 1 October 2026 at the registered office.

Fri 25 Sep 2026

Board Meeting Date

Thursday, 1 October 2026

Meeting Location

Registered office

Fund Raising Routes

Preferential allotment, rights issue, QIP, ADR/GDR, FCCB or any other method or combination

Trading Window Closure

25 September 2026 until 48 hours after the board meeting ends

Amount and Mode

Not finalised yet — to be considered at the board meeting

What was shared

The company gave notice under Regulation 29 of SEBI LODR that a meeting of its Board of Directors is scheduled on Thursday, October 01, 2026 at the registered office in Ahmedabad.

Agenda placed before the board

• To augment the financial resources of the company by raising funds through issue of equity shares / convertible instruments / other securities.
• The routes listed are preferential allotment, rights issue, QIPs, ADR/GDR, FCCB or any other method or combination thereof, in one or more tranches.
• Any other business with the permission of the Chair.

How to read this

This is an intimation of intent to discuss, not an approval. The board may approve, modify or not take up the fund-raising proposal. The size of the issue, the pricing and the chosen route would be known only if and when the board decides and the company makes a further disclosure. Fund raising through fresh issue of shares or convertible instruments can change the shareholding mix for existing shareholders depending on the route and quantum eventually chosen.

Trading window

Under SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct, the trading window for designated persons and their immediate relatives has been closed from 25th September 2026 and remains closed till 48 hours after the board meeting concludes.

Where shared

The intimation was sent to BSE Limited (Scrip Code 542803, Security Id VEL) and The Calcutta Stock Exchange Limited (Scrip Code 015064). It is signed by the Managing Director, Ravindra Ashokbhai Joshi.

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