- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Board of Directors has approved the issuance of 1,08,00,000 (1.08 crore) unlisted non-cumulative redeemable preference shares at INR 100 each, amounting to INR 108 crore. The funds will be utilized for repaying existing borrowings, working capital, and corporate purposes. Additionally, the audited financial results for the third quarter and nine months ending December 31, 2024, were approved. The Audit Committee also appointed M/s. Bahadur Murao & Co. as Cost Auditors and M/s. Viral Sanghavi & Associates as Secretarial Auditors for specified financial years.
This update may strengthen the company's financial stability by addressing debt obligations, potentially enhancing investor sentiment with a positive outlook on progress and governance improvements.