Board clears Q1 results, Rs 150.79 cr rights issue planned

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Price reaction

Awaiting price reaction for this filing.

AI summary

Board approved unaudited Q1FY27 standalone and consolidated results, with limited review by auditor ASKM & Co. Also approved shifting registered office to Hyderabad, subject to shareholder nod. Key item: rights issue of partly paid-up equity shares up to Rs 15,079 lakhs to achieve minimum public shareholding norm. 19th AGM set for September 5, 2026; record date August 31, 2026.

Likely market impact

Rights issue aims to meet minimum public shareholding rule; promoter dilution likely, watch for issue price near record date.