In compliance with Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors in its meeting ....
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The Board of Directors met on May 13, 2026, and approved three items: (1) extension of time for utilization of net issue proceeds and project completion as per the prospectus, (2) utilization of funds under General Corporate Purpose for working capital requirements, and (3) discussion about hardware and software system faults that caused temporary shutdown of certain systems, which were subsequently restored. The meeting lasted approximately 14 minutes from 11:03 AM to 11:17 AM.
The extension of time for IPO proceeds utilization suggests slower-than-expected project execution, which may be a minor concern for investors. The IT system disruption appears resolved but highlights operational risk. Overall, no major shareholder-impacting decisions were made in this meeting.