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Board approved acquisition of up to 100% of Winwin Speciality Insulators for up to Rs272.34 Cr via 10,17,123 swap shares at Rs1460 plus up to Rs123.84 Cr cash, and QIP of up to Rs700 Cr. Resolves deferred Winwin closure from early September; fund-raise mode now split as swap plus QIP. Targets insulators to strengthen integrated model; EGM on Oct 19 for approvals. Swap is 1.30% dilution; Rs700 Cr QIP large vs scale with price undisclosed. Rs272 Cr for Rs17 Cr-sales target looks rich; closure by Mar 31 2027 subject to shareholder, NSE/BSE approvals.