Heads UP Ventures Limited — QIP/Rights/Pref., 22-02-2025: Preferential issue

Heads Up Ventures Limited has approved an increase in its authorized share capital from ₹40 crore to ₹90 crore, facilitating the issuance of up to 6.64 crore Fully Convertible Warrants at an issue price of ₹15 each. This move aims to raise approximately ₹99.63 crore from non-promoter public investors. Initial payment of 25% of the total issue size will be collected upfront. Additionally, shareholder approval for this raise will be sought through a postal ballot, with details set to be communicated soon.