Nitco Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

The Board of NITCO Limited has held a meeting to approve the allotment of 5,42,000 equity shares at a price of ₹92.25 each, aggregating to ₹4.99 crore, to Pinnacle Investments on a preferential basis. This decision follows the approval obtained at the Extra-Ordinary General Meeting and necessary regulatory permissions. The newly allotted shares are expected to enhance the company’s capital structure, supporting future growth initiatives.