Postal Ballot: Netweb seeks nod to raise up to Rs 1,200 crore via securities

Board & Shareholder Meetings View source PDF

NETWEB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹4434.00

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₹4450.00

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AI summary

Netweb Technologies has issued a postal ballot notice dated July 1, 2026 seeking shareholder approval to raise up to Rs 1,200 crore by issuing securities such as equity shares, preference shares, and debentures through QIP, private placement, preferential issue, follow-on public offer or rights issue. Remote e-voting runs from 9:00 am on July 3, 2026 to 5:00 pm on August 1, 2026. Results will be announced by August 5, 2026. Cut-off date is June 30, 2026. Mr. Nikhil Jain is the scrutinizer. No change in control is contemplated.

Likely market impact

Potential equity dilution if QIP or preferential route is used. Watch pricing and use of proceeds. Voting outcome expected by Aug 5, 2026.