Board approves fundraise up to Rs 500 Cr, sets AGM on August 6

Board & Shareholder Meetings View source PDF

SURYODAY · price

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AI summary

Board approved seeking shareholder nod to raise up to Rs 300 Cr Tier-1 capital via equity, QIP, Rights or Preferential issue, and up to Rs 200 Cr Tier-2 capital via bonds or NCDs, valid 12 months. Record date for final dividend fixed at July 17, 2026. 18th AGM on August 6, 2026 via video conferencing. Ranjit Jayant Shah re-appointed as Investor Director till November 1, 2026. ESOP 2019 scheme also modified.

Likely market impact

Fundraise may dilute equity but strengthens growth capital. Shareholders must hold shares by July 17 record date to be eligible for final dividend.