Jainam Ferro Alloys (I) Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board of Jainam Ferro Alloys has approved a preferential issue of up to 11,50,000 warrants, convertible into equity shares at an issue price of ₹221 each, aiming to raise up to ₹25.41 crore. An Extraordinary General Meeting is set for February 24, 2025, to seek shareholder approval for this fundraising initiative. The issue price aligns with regulatory floor price assessments. Additionally, a valuation report was acknowledged, confirming compliance with applicable SEBI regulations.