Gujarat Themis Biosyn board to consider fund raising on Jun 19

Gujarat Themis Biosyn Limited has scheduled a meeting of its Board of Directors on June 19, 2026, to evaluate a proposal for raising funds. The board will consider issuing equity shares or various securities, including Compulsory Convertible Debentures, Optionally Convertible Debentures, and Non-Convertible Debentures. The proposed fund raising may be conducted through a preferential issue on a private placement basis or any other permissible manner.

The company intends to undertake this issuance in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The execution of the proposal remains subject to necessary approvals, including those from the shareholders of the company and the relevant stock exchanges.

Key Agenda Items

The Board meeting will focus on the following primary objective:

Evaluation of fund raising: Assessing the proposal to raise capital through equity shares or debt instruments.

Proposed Instruments

The company has identified specific financial instruments for potential issuance:

Instrument Type	Description
Equity Shares	Shares to be issued potentially via preferential allotment.
Compulsory Convertible Debentures	Debt instruments that mandatorily convert into equity.
Optionally Convertible Debentures	Debt instruments with an option to convert into equity.
Non-Convertible Debentures	Pure debt instruments without an equity conversion option.

The intimation regarding the board meeting was submitted to the BSE Limited and the National Stock Exchange of India Limited under Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.69%	-5.81%	+2.24%	-3.06%	+9.26%	+55.51%

Gujarat Themis Biosyn Limited has initiated a postal ballot process to seek shareholder approval for raising funds up to ₹1,000 crore through Qualified Institutions Placement (QIP). The special resolution authorizes the Board to issue equity shares, warrants, or convertible securities to eligible qualified institutional buyers. The company aims to utilize the net proceeds to support its growth strategy, fund strategic projects, and for general corporate purposes, subject to regulatory caps.

The remote e-voting period commenced on June 9, 2026, at 9:00 a.m. IST and will conclude on July 8, 2026, at 5:00 p.m. IST. Members whose names appear on the Register of Members or list of Beneficial Owners as on the cut-off date of June 5, 2026, are eligible to vote. The results of the postal ballot will be declared within two working days after the conclusion of the voting period, latest by July 10, 2026.

Voting Detail	Information
Cut-off Date	June 5, 2026
Remote e-Voting Start	June 9, 2026 (9:00 a.m. IST)
Remote e-Voting End	July 8, 2026 (5:00 p.m. IST)
Result Declaration	By July 10, 2026
Scrutinizer	Mr. Ketan R. Shirwadkar, Proprietor of M/s. KRS & Co.

The Board of Directors, at its meeting held on June 6, 2026, approved the proposal to recommend this special resolution. The issue price will be determined in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and may include a discount of not more than 5% to the floor price. The securities will be allotted in dematerialized form and will be subject to a lock-in period of one year from the date of allotment.

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. Shareholders can cast their votes through the CDSL or NSDL e-voting systems using their demat account credentials or by logging onto www.evotingindia.com . The notice and explanatory statement are available on the company’s website at www.gtbl.in .