a. The Board, on recommendation of the Audit Committee, has approved change / variance in the objects of the Right Issue in the manner as detailed in Annexure A. b. The Board has approved ....
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BCC Fuba India Ltd's Board approved two key matters on April 29, 2026. First, a reallocation of Rs. 12.91 lakhs within the Right Issue capital expenditure objects - cancelling imported machinery purchases worth Rs. 115.60 lakhs (due to geopolitical issues, domestic alternatives, and reduced demand) and substituting with different equipment. The solar power plant capacity was also increased from 470 KWP to 500 KWP. Second, the Board approved a First and Final Call of Rs. 37.50 per share (including Rs. 32.50 premium) on 45,93,015 outstanding partly paid-up equity shares issued via the Rights Issue in March 2026. The call payment period runs from May 25 to June 8, 2026, with trading suspended from May 6, 2026.
Shareholders holding partly paid-up shares must pay Rs. 37.50 per share by June 8, 2026 or face forfeiture. The Rights Issue was designed to include Rs. 690 lakhs for debt repayment (unsecured and secured loans), indicating the company is deleveraging its balance sheet.