Gujarat Themis Biosyn Limited has cancelled the Board meeting scheduled for June 19, 2026, due to unavoidable circumstances. The company had previously convened the meeting to evaluate a proposal for raising funds through equity shares or various securities. The revised date for the Board meeting will be communicated to the stock exchanges in due course.

The earlier agenda included the consideration of issuing Compulsory Convertible Debentures, Optionally Convertible Debentures, and Non-Convertible Debentures. The proposed fund raising was intended to be conducted through a preferential issue on a private placement basis or any other permissible manner, subject to necessary approvals.

Regulatory Compliance

The intimation regarding the cancellation was submitted to BSE Limited and the National Stock Exchange of India Limited. The company stated that the revised date would be disclosed in compliance with the applicable timelines prescribed under Regulation 29 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

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.

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 .