Aarvee Denims & Exports Limited — Board Meeting, 30-01-2025: Outcome of Board Meeting

The Board of Aarvee Denims and Exports Limited has approved the standalone financial results for the quarter and nine months ended December 31, 2024. Additionally, the board greenlit the issuance of up to 37,13,044 equity shares through a preferential issue at an issue price of ₹134.66 per share, aggregating to approximately ₹50 crore. An Extraordinary General Meeting has been scheduled for March 1, 2025, to seek shareholder approval for this initiative. The board also appointed a scrutinizer for the process and moved forward with establishing a separate bank account for the preferential issue.