Heads UP Ventures Limited — QIP/Rights/Pref., 10-03-2025: Preferential issue

Heads Up Ventures Limited has announced a board meeting approving several key decisions. The company plans to increase its authorized share capital from ₹90 Cr to ₹91.7 Cr, with a subsequent amendment in its Memorandum and Articles of Association. Additionally, it has approved the acquisition of a 51.37% stake in Gyscoal Enterprise Private Limited through a share swap involving the issuance of 16,76,546 equity shares at ₹12.37 each. This strategic move aims to diversify its portfolio beyond retail into the energy and automobile sectors. A postal ballot notice has also been approved to seek shareholder approval for these resolutions.