Postal ballot: massive capital hike, AI pivot, Rs 650 Cr preferential issue, Delhi shift

Board & Shareholder Meetings View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.1%1-day move

₹91.50

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+4.1+6.2+7.1+13.7+19.4+31.6————

Up moveDown movePending

AI summary

Company seeks shareholder approval via postal ballot (e-voting Jul 14 to Aug 12, 2026) on 8 items. Raise authorized capital from Rs 2.25 Cr to Rs 2,000 Cr. Change object clause to pivot from electricity to AI/tech, healthcare, EVs, media. Preferential issue of up to 130 Cr shares worth up to Rs 650 Cr to 6 allottees. Shift registered office from Mumbai to Delhi. Appoint 3 directors.

Likely market impact

Massive dilution from 130 Cr share preferential issue; company pivoting from electricity to AI/tech. Pending shareholder approval.