Emami Realty Limited — Board Meeting, 26-02-2025: Outcome of Board Meeting

The Board of Directors of Emami Realty Limited has announced a board meeting, where key decisions included the approval for issuing 59,90,000 fully paid-up equity shares at an issue price of ₹128.50 each, totaling ₹223.46 crore, alongside up to 1,14,00,000 convertible warrants at the same price. An Extraordinary General Meeting is scheduled to seek shareholder approval for this preferential allotment, involving proposed allottees Suraj Finvest Private Limited and Diwakar Finvest Private Limited. This move reflects the company's strategy to convert existing unsecured loans into equity financing.