Outcome of Board Meeting held on December 3, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Price
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Awaiting price reaction for this filing.
The board met on December 3, 2025 and approved two matters related to an upcoming Rights Issue. First, the company will voluntarily appoint a SEBI-registered Credit Rating Agency as a Monitoring Agency to oversee the use of Rights Issue proceeds, even though the issue size is below the ₹50 Crore threshold that would normally require one. Second, the CFO and Company Secretary have been authorized to issue a certificate to BSE confirming that the entire net proceeds will be used strictly for the stated Objects of the Issue. No specific issue size, price, or ratio details were disclosed in this filing.
This is a procedural update signalling that a Rights Issue is being prepared. The voluntary appointment of a Monitoring Agency is a positive governance step that may boost investor confidence, though no concrete fundraising details (size, price, record date) have been shared yet.