Rbm Infracon Limited — Others, 24-02-2025: Shareholders meeting

RBM Infracon Limited will hold an Extra-Ordinary General Meeting to consider the issuance of up to 50,00,000 Fully Convertible Equity Warrants at ₹580 each, totaling ₹290 crores. The warrants will be allotted to various promoters and public investors on a preferential basis, allowing conversion into equity shares within 18 months. Additionally, Patel & Jain will be appointed as joint statutory auditors for FY 2024-25. This strategic move aims to bolster long-term capital requirements and enhance working capital, potentially positively influencing investor sentiment as the company seeks growth opportunities.