Intimation of date of Annual General Meeting and Book Closure
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved a preferential issue of up to 10 lakh equity shares at ₹1,500 per share (face value ₹10, premium ₹1,490), aggregating up to ₹150 crore, to 27 non-promoter allottees. Notable proposed investors include Vikasa India EIF I Fund, India Emerging Giants Fund, and Chiranjeev Singh Saluja. Post-issue, promoter holding will reduce from 63.15% to 57.91%, while public shareholding will rise from 36.85% to 42.09%. The 35th Annual General Meeting is scheduled for September 30, 2025 at 11:00 AM via video conferencing, with book closure from September 24 to September 30, 2025. CS Munesh Kumar Gaur has been appointed as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30), subject to shareholder approval. Remote e-voting will run from September 27 to September 29, 2025, with September 23 fixed as the cut-off date.
The ₹150 crore preferential issue will dilute existing shareholders by about 9% and reduce promoter stake, though the very high issue price (₹1,500 vs ₹10 face value) suggests strong valuation support from incoming investors. Existing shareholders should note the book closure window during which share transfers will not be processed.