<h1>Greaves Cotton Board Approves Subscription Entitlement in Subsidiary's Rights Issue</h1>
The Board of Directors of Greaves Cotton Limited has approved key resolutions related to the rights issue being conducted by its material subsidiary, Greaves Electric Mobility Limited. The decisions were made during a board meeting held on July 9, 2026.
During the meeting, the company considered and sanctioned the subscription to equity shares proposed under the rights issue of Greaves Electric Mobility Limited. This approval extends up to the full extent of the Company's rights entitlement, aggregating an amount of approximately ₹331.12 crore.
Furthermore, the Board authorized the Risk, Strategy and Investment Committee to handle any outstanding equity shares from the rights issue. The committee is empowered to consider and, if deemed fit, approve the subscription of these remaining shares, either directly or through affiliates, subject to all applicable regulatory requirements and receipt of requisite approvals.
The Board meeting commenced on July 9, 2026, at 2:30 PM IST and concluded at 4:15 PM IST.
GREAVESCOT Stock Price Movement
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