StockWatch
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Other Financial Services
Board Meeting11 Sept 2026, 04:20 pm

Reliable Data Services Board to Consider ₹200 Cr Fund Raise

AI Summary

Reliable Data Services Ltd has scheduled a Board of Directors meeting for September 21, 2026, to consider and approve a fund-raising plan of up to ₹200 Crores. The funds will be utilized for upcoming projects, upgrading existing ones, and enhanced working capital requirements. The proposed methods include preferential allotment, Qualified Institutions Placement (QIP), rights issue, or other permissible modes. The meeting will also address the notice of postal ballot related to the fund-raising proposal.

Key Highlights

  • Board meeting scheduled for September 21, 2026.
  • Proposal to raise up to ₹200 Crores.
  • Funds for projects, upgrades, and working capital.
  • Potential methods: QIP, rights issue, preferential allotment.