Intimation pursuant to Regulation 77B(2) of SEBI (ICDR) regulation 2018

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

Price reaction · full curve 14 horizons · vs prior close

+1.8%1-day move

₹18.60

prior close

₹17.67

base price

In-mkt

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+0.0+0.0+0.0+0.0+1.8+6.9+1.6+1.6+6.6+12.4-14.3-13.9-11.3-10.9

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AI summary

The company filed a compliance intimation under SEBI ICDR Regulations regarding a Rights Issue. A Specific Investor, Northern Lights Ventures Private Limited, applied for 7,20,000 shares as a renouncee, while promoter Shreyash Vinodkumar Chaturvedi renounced his entitlement to those shares. The specific investor applied for exactly the number of shares renounced in his favour, with no excess applications. This is a follow-up to an earlier newspaper publication dated April 01, 2026, and confirms the application was submitted before 11 A.M. on the Issue Opening Date (April 07, 2026).

Likely market impact

The rights issue structure allows a specific investor to step into the promoter's shoes, diluting the promoter's stake. This filing merely confirms procedural compliance with SEBI's disclosure requirements for identified specific investors in rights issues.