Australian Premium Solar (India) Limited — Board Meeting, 20-02-2025: Outcome of Board Meeting

The Board has decided to withdraw the proposed preferential issue of 3,83,500 equity shares and 94,750 fully convertible warrants due to unfavorable stock market conditions. The issue price was determined to be higher than the current market price, prompting the Board to prioritize fairness to potential investors. Instead, capital expenditure for expansion will now be funded through a mix of internal accruals and bank borrowings. The company assures that this decision won't impact its financial stability, operations, or growth potential.