Grovy India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/06/2026 ,inter alia, to consider and approve 1. Proposal of issuance of one ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Grovy India Ltd has informed BSE about a Board meeting scheduled on June 9, 2026 at 12:00 PM. Key agenda items include considering the issuance of equity shares or convertible securities through a Preferential Issue, Rights Issue, or other permitted modes. The Board will also recommend a Final Dividend of 1% (Rs. 0.10 per equity share) for FY ending March 31, 2026, subject to shareholder approval. Other items include approval of the Annual Report, fixing the 41st AGM date, re-appointment of a director, increase in CEO/CFO remuneration, and an increase in Authorized Share Capital. The trading window for insiders is already closed from June 2, 2026, until 48 hours after the board meeting outcome.
The proposed equity/convertible securities issuance could lead to dilution for existing shareholders, while the modest Rs. 0.10 dividend signals limited cash distribution. The share capital expansion and remuneration hike suggest growth plans but warrant close scrutiny of the issuance terms once announced.