SRG Housing Finance Limited — Others, 24-01-2025: Shareholders meeting

SRG Housing Finance Limited has announced a board meeting on February 19, 2025, to consider a special resolution for the preferential issue of up to 13,68,000 equity shares at an issue price of ₹365 per share, totaling approximately ₹49.93 crore. This move aims to enhance the company’s capital structure, support business growth, and meet working capital requirements. Following the issuance, the promoters' shareholding is expected to decrease, potentially allowing for a broader base of investors. This development could present a positive outlook for shareholders, reflecting the company’s proactive approach to funding and expansion.