In furtherance to its earlier intimation dated February 02, 2026, wherein the company has intimated the Board’s approval on the variation in the objects of the Rights Issue as set out in the Letter of Offer dated May 22, 2025, subject to the approval of the shareholders by way of Postal Ballot. The Postal Ballot Notice for seeking such approval was circulated to the Shareholders and simultaneously filed with the Stock Exchanges on February 05, 2026. The shareholders of the Company have approved the utilization of the said proceeds through Postal Ballot, towards the following purposes: Rs. 15.80 Crores for continuing under the existing object of repayment/redemption of Non-Convertible Debentures (including payment of Coupon). and Rs. 124.20 Crores for meeting the Company’s existing and incremental working capital requirements. SEPC has informed that the aforesaid resolution has been passed by the shareholders with requisite majority on March 07, 2026 (being the last date for e-voting). In this regard, it has enclosed the e-voting results and the Scrutinizer Report.
The above information is a part of company’s filings submitted to BSE.
