EGM notice: preferential share issue, share swap, and higher borrowing limits
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EGM on August 10, 2026 to seek shareholder approval for: (1) preferential issue of 24,39,750 equity shares to non-promoter investors AGI Group Holdings and Monoflus Pte at Rs 293 per share, raising about Rs 71.48 crore. (2) Issue of 22,18,431 shares via share swap to acquire 17.45 percent stake in GScale Energy from Truplusco India LLP, worth about Rs 65 crore. (3) Change Mr Yasuyuki Ikeda from Non-Executive to Executive Director. (4) Appoint Mr Uma Maheswara Rao Kancherla as Independent Director. (5) Raise Section 180 charge and borrowing limits from Rs 200 crore to Rs 2,000 crore each. (6) Raise Section 186 investment, loan and guarantee limit from Rs 450 crore to Rs 3,500 crore.
Signals major fundraising and acquisition plans, with potential share dilution but expanded borrowing capacity to support future growth.