Board approves preferential issue of 1,178,005 equity shares
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At its meeting on 27 October 2026, the board approved the preferential allotment of 1,178,005 equity shares at INR 23 each, including a INR 13 premium, for INR 27,094,115 in cash. The issue is split between promoters and public shareholders. Paid-up capital will increase to INR 60,277,050, comprising 6,027,705 shares of INR 10 each. The new shares will rank equally with existing shares.
The cash issue increases paid-up capital but enlarges the share count, diluting existing shareholders' ownership unless they participate.