Highlights
- Netweb Technologies approved raising up to Rs. 1,200 Cr through multiple fundraising options.
- The proposed fundraising remains subject to shareholder and regulatory approvals.
- A Board committee will determine the structure, timing and terms of the proposed issue.
Netweb Technologies India Limited (NSE:NETWEB) has approved a proposal to raise funds of up to Rs. 1,200 Cr through one or more issuances of securities. The decision was taken at the company's Board meeting held on July 1, 2026, and disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the company, the proposed fundraising will be subject to shareholder approval as well as other regulatory and statutory approvals, wherever applicable.
Multiple Fundraising Routes Under Consideration
The company stated that it may raise funds through various instruments, including equity shares, preference shares, fully or partly convertible debentures, non-convertible debentures along with warrants, other equity-based securities, or a combination of these instruments.
The Board also approved multiple issuance routes, including qualified institutions placement (QIP), preferential issue, private placement, follow-on public offer (FPO), rights issue or any other permissible mode under applicable laws. The fundraising may be undertaken in one or more tranches and may include a green shoe option where permitted.
Maximum Fundraising Size Set at Rs. 1,200 Cr
As per the exchange filing, the company has approved raising an aggregate amount of up to Rs. 1,200 Cr, including any applicable premium on the securities issued. The final number, type and pricing of securities will be determined in accordance with applicable regulations after obtaining the necessary approvals.
The filing clarified that the fundraising amount represents the maximum approved size and that further details will be decided at a later stage.
Fund Raising Committee Constituted
To implement the proposal, the Board has constituted a Fund Raising Committee comprising designated directors. The committee has been authorised to determine the mode, structure, timing and terms of the proposed fundraising.
The committee will also decide the type and number of securities to be issued, issue price or price band, investor categories, proportion of each tranche, issue schedule and other related matters required to complete the proposed capital raising.
Shareholder Approval Through Postal Ballot
Netweb Technologies stated that shareholder approval for the proposed fundraising will be sought through a postal ballot in accordance with applicable provisions and circulars issued by the Ministry of Corporate Affairs.
The company added that the postal ballot notice will be circulated to shareholders in due course. The proposed fundraising will proceed only after obtaining shareholder approval and other regulatory clearances, where required.
Board Meeting Outcome
The Board meeting commenced at 7:30 PM and concluded at 8:20 PM on July 1, 2026. The company submitted the outcome of the meeting along with the required disclosures to both the National Stock Exchange of India and BSE Limited.
Key Risks
- Shareholder approval is required before the fundraising proposal can proceed.
- Regulatory approvals may affect the timing of the proposed issuance.
- The final fundraising structure has not yet been determined.
- Issuance of new securities may lead to equity dilution, depending on the chosen instrument.
Summary
Netweb Technologies has approved a proposal to raise up to Rs. 1,200 Cr through multiple fundraising options, including equity, debt and convertible securities. The company has constituted a Fund Raising Committee to determine the structure and timing of the issuance. The proposal remains subject to shareholder approval through postal ballot and other regulatory approvals.
FAQs
Q: How much capital does Netweb Technologies plan to raise?
A: The Board has approved raising funds of up to Rs. 1,200 Cr through one or more issuances of eligible securities.
Q: Which fundraising methods has the company approved?
A: The proposal includes QIP, preferential issue, private placement, FPO, rights issue and other permissible modes under applicable laws.
Q: When will shareholders vote on the proposal?
A: The company will seek shareholder approval through a postal ballot, with the notice to be circulated in due course.