Ind-Swift Laboratories' Preferential Issue Committee approved the issue price for warrants at Rs. 196 each, above the Rs. 195.98 minimum determined by valuation. This preferential allotment will raise capital for the company.
Ind-Swift Labs board appointed Amit Mathur as Independent Director, set 31st AGM for Sep 30 (e-voting cutoff Sep 23), and engaged Care Ratings to monitor preferential issue funds. The Audit Committee was also reconstituted.
