| Purpose | Board Meetings Date | Announcement Date |
|---|---|---|
| Board Meeting | 24 Feb 2025 | 18 Feb 2025 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/02/2025 inter alia to consider and approve at a scheduled meeting of the Rights Issue Committee the rights issue price and related payment mechanism right entitlement ratio the record date timing of the rights issue and other related matters. Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/02/2025 ,inter alia, to consider and approve The Meeting of the Rights Issue Committee scheduled to be held on Friday, February 21, 2025, is being postponed to Monday, February 24, 2025. Please take the same on your record. (As per BSE Announcement Dated on 20/02/2025) Board considered and approved the following terms of the Rights Issue: a) Total number of Rights Equity Shares and Rights Issue size: 13,25,22,289 Rights Equity Shares each for an amount aggregating upto Rs.349.86 crores (assuming full subscription). b) Rights Issue Price: Rs.26.40 per Rights Equity Share (including a premium of ?20.40 per Rights Equity Share) c) Record date: March 01, 2025* (*Revised from February 27, 2025 to March 1, 2025 in compliance with the SEBI (LODR) Regulations, 2015 and SEBI (ICDR) Regulations, 2018) d) Rights Issue period: i. Rights Issue Opening Date: Monday, March 10, 2025; ii. Rights Issue Closing Date: Wednesday, March 19, 2025; iii. On-market renunciation period: Monday, March 10, 2025 to Thursday, March 13, 2025; iv. Off-market renunciation: It is noted that the eligible equity shareholders will have to ensure that renunciation through off-market transfers is completed in such a manner that the rights entitlements are credited to the demat account of the Renouncee on or prior to the Issue Closing Date. e) Outstanding Equity Shares: i. Prior to the Rights Issue: 53,00,89,156 equity shares of the Company. ii. Post Rights Issue#: 66,26,11,445 equity shares of the Company. #Assuming full subscription. f) Other terms of the Rights Issue: To be included in the Letter of Offer to be filed by the Company. g) Rights entitlement ratio and fractional entitlements: The Rights Equity Shares are being offered on a rights basis to Eligible Equity Shareholders in the ratio of 1 (One) Equity Share(s) for every 4 (Four) Equity Shares held on the Record Date. For Equity Shares being offered on a rights basis under this Issue, if the shareholding of any of the Eligible Equity Shareholders is less than 4 (Four) Equity Shares or not in the multiple of 4 (Four), the fractional entitlement of such Eligible Equity Shareholders shall be ignored in the computation of the Rights Entitlement. However, the Eligible Equity Shareholders whose fractional entitlements are being ignored, will be given preferential consideration for the allotment of one additional Equity Share each if they apply for additional Equity Shares over and above their Rights Entitlement, if any, subject to availability of Rights Equity Shares in this Issue post allocation towards Rights Entitlements applied for. Further, the Eligible Equity Shareholders holding less than 4 (Four) Equity Shares as on Record Date shall have zero entitlement in the Issue. Such Eligible Equity Shareholders are entitled to apply for additional Equity Shares and will be given preference in the allotment of one additional Equity Share if, such Eligible Equity Shareholders apply for the additional Equity Shares. However, they cannot renounce the same in favour of third parties and the application forms shall be non- negotiable. h) ISIN for Rights Entitlement: INE731F20011 (As Per BSE Announcement Dated on 24.02.2025) | ||
| Board Meeting | 12 Feb 2025 | 7 Feb 2025 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2025 ,inter alia, to consider and approve Intimation of the Board meeting is attached. The Board Meeting to be held on 12/02/2025 Stands Cancelled. (As Per BSE Announcement Dated on: 11.02.2025) | ||
| Board Meeting | 27 Jan 2025 | 22 Jan 2025 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/01/2025 inter alia to consider and approve unaudited financial results for the quarter and nine months ended December 31 2024 and consider and approve proposal of raising of funds. Outcome of the Board meeting is attached. The Board of Directors has, inter-alia, approved raising of funds by way of issuance of equity shares face value of Rs.6/-each (at such premium to be decided by the Baord / Rights Issue Committee) through Rights Issue for an aggregate amount not exceeding Rs.350 Crores to the eligiblie Shareholders of the Company in accordance with applicable laws and subject to regulatory approvals as may be required. (As Per BSE Announcement Dated on: 27/01/2025) Intimation for determining the record date for Rights Issue. (As Per BSE Announcement Dated on: 18/02/2025) | ||
| Board Meeting | 19 Dec 2024 | 19 Dec 2024 |
| Mr. Navin Agarwal has been appointed as Chief Financial Officer of the Company. Mr. Brijveer Singh has resigned as Chief Financial Officer of the Company. | ||
| Board Meeting | 13 Nov 2024 | 9 Nov 2024 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2024 inter alia to consider and approve the proposal for fund raising by way of equity shares or other securities through rights issue qualified institutions placement preferential issue or any other method as may be permitted under the applicable law subject to such regulatory or statutory approvals as may be required. Outcome of the Board meeting is attached. Please take the same on records. (As Per BSE Announcement Dated on 13.11.2024) | ||
| Board Meeting | 22 Oct 2024 | 16 Oct 2024 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2024 inter alia to consider and approve unaudited financial results for the quarter and half year ended September 30 2024. Outcome of the Board Meeting is attached Unaudited Financial Results for the quarter and half year ended Sept 30, 2024 is attached. (As Per BSE Announcement Dated on 22.10.2024) | ||
| Board Meeting | 27 Aug 2024 | 27 Aug 2024 |
| The Board of Directors has, inter-alia, approved reclassification of authorised share capital and consequent alteration of Memorandum of Association of the Company subject to the approval of the Members. Read less.. | ||
| Board Meeting | 23 Jul 2024 | 16 Jul 2024 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/07/2024 inter alia to consider and approve the unaudited financial results of the Company for the quarter ended June 30 2024. Outcome of the Board Meeting is attached. (As Per BSE Announcement dated on 23.07.2024) | ||
| Board Meeting | 26 Apr 2024 | 19 Apr 2024 |
| Welspun Specialty Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/04/2024 inter alia to consider and approve the audited financial results of the Company for the quarter and year ended March 31 2024. Take further notice that with reference to the above meeting of the Board of Directors the trading window for dealing in the securities of the Company by the Insiders/Designated Persons as defined under the SEBI (Prohibition of Insider Trading) Regulations 2015 is closed from Monday April 1 2024 till 48 hours after declaration of the results. Submission of audited financial results for the quarter and year ended March 31, 2024. (As Per BSE Announcement Dated on: 26/04/2024) | ||
The value of the contract is estimated at ₹231.77 crore (ex-GST).
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