Fujiyama Power Systems Ltd Board Approves QIP and ESOP Allotment

Fujiyama Power Systems Limited's Board of Directors, in a meeting held on October 15, 2026, approved a Qualified Institutions Placement (QIP) to raise funds and maintain minimum public shareholding. A QIP Committee has been formed to manage the process. Additionally, the Board approved the issue and allotment of 4,11,587 equity shares under the Employee Stock Option Plan 2023 at an exercise price of Rs. 398.39 per share. This allotment increases the company's issued, subscribed, and paid-up share capital. Shareholder approval will be sought via postal ballot for the QIP.