Book Closure for AGM (Cut-off Date for E-voting)
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The board approved issuing up to 10 lakh equity shares (face value ₹10) at ₹1,500 per share — including a premium of ₹1,490 — on a preferential basis to 27 non-promoter allottees, raising up to ₹150 crore. Notable allottees include Vikasa India EIF I Fund and India Emerging Giants Fund Limited. Promoter holding will remain unchanged at 63.15% (57.91% post-issue on enlarged capital), while public shareholding will rise from 36.85% to 42.09%, leading to a roughly 9% dilution for existing public shareholders. The 35th AGM is scheduled for September 30, 2025 via video conferencing, with book closure from September 24 to September 30, 2025 and a cut-off date of September 23, 2025 for e-voting eligibility. The board also appointed CS Munesh Kumar Gaur as secretarial auditor for a 5-year term starting FY2025-26, subject to shareholder approval.
The preferential allotment is at a steep premium to face value but will dilute existing public shareholders by about 9%; approval is pending at the AGM on September 30, 2025. Promoter holding is preserved, and the fundraise could strengthen the balance sheet for growth or expansion.