Announced Mon, 31 Aug · 19:01 IST
Board defers capital raise, alters FCW objects; sets AGM on Sep 26
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹60.72
prior close
₹59.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.1+0.4+1.7-0.5-2.2-5.1-6.8-9.1————
Up moveDown movePending
AI summary
Board met on Aug 31, 2026. It deferred plans to increase Authorized Share Capital and to issue equity or convertible securities via Preferential, Rights or QIP route. It approved changing the objects of its earlier Preferential Issue of Fully Convertible Warrants, subject to shareholder approval. The 37th AGM is fixed for Sep 26, 2026 via video conferencing. Notice and Annual Report FY26 will be sent electronically.
Likely market impact
Deferral of capital raise may delay fundraising. Change in FCW use of funds needs shareholder nod at AGM on Sep 26.