Aarvi Encon Limited — QIP/Rights/Pref., 17-02-2025: Allotment of Securities

The company has announced a board meeting to discuss the issuance of securities through a Qualified Institutional Placement (QIP). The placement aims to raise approximately ₹500 Cr, with the issue price expected to be finalized prior to the offering. The funds raised will primarily be allocated towards enhancing working capital and funding strategic projects. This move is anticipated to strengthen the company’s financial position and support growth initiatives while also providing liquidity to the market.