Belrise Industries Approves QIP with Floor Price of ₹230.79

Belrise Industries Ltd has announced the approval of a Qualified Institutions Placement (QIP) by its QIP Committee. The board of directors and shareholders have previously approved the move. The QIP will open on July 14, 2026, with a floor price set at ₹230.79 per equity share, determined according to SEBI ICDR Regulations. A discount of up to 5% may be applied to the floor price. The company has also approved the preliminary placement document and fixed July 14, 2026, as the 'relevant date' for the issue. The trading window for designated persons remains closed until 48 hours after the unaudited financial results for the quarter ending June 30, 2026, are announced.