Outcome of Board Meeting held on June 10, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Esaar (India) Ltd, at its meeting on June 10, 2026, approved two major items. First, Mr. Dipesh B. Mistri was appointed as the new Chief Financial Officer and Key Managerial Personnel, bringing over 10 years of experience in finance, accounts, taxation, and corporate compliance. Second, the Board approved a Rights Issue of equity shares (face value ₹10) to existing eligible shareholders for an amount not exceeding ₹6,000 lakhs (₹60 crore), along with the Draft Letter of Offer to be filed with SEBI and stock exchanges. The Board also constituted a 3-member Rights Issue Committee and approved appointment of required intermediaries to manage the issue. The record date and exact issue size/price will be finalised and communicated separately.
Existing shareholders will get an opportunity to subscribe to additional shares on a rights basis, but non-participating holders may face dilution. The capital raise could be used to strengthen the company's balance sheet, while the new CFO appointment signals strengthened financial governance ahead of the issue.