Board Meeting24 May 2026, 10:01 pm
Belrise Industries to Raise ₹20,000 Million via QIP
AI Summary
The Board of Directors of Belrise Industries Ltd approved raising funds up to ₹20,000.00 Million through the issuance of equity shares or other equity-linked instruments via a Qualified Institutions Placement (QIP). This decision is subject to shareholder approval and regulatory clearances. The details of the issuance, as required under Regulation 30 of the SEBI Listing Regulations, are attached as Annexure A and available on the company's website.
Key Highlights
- Belrise Industries plans to raise up to ₹20,000.00 Million.
- Funds will be raised through equity shares or equity-linked instruments via QIP.
- The issuance is subject to shareholder and regulatory approvals.
- Details are available on the company's website under 'Investor Relations'.