SRG Housing Finance Limited — Board Meeting, 22-01-2025: Outcome of Board Meeting

The Board has announced a meeting outcome in which it approved the issuance of up to 13,68,000 equity shares at an issue price of Rs. 365 each, amounting to approximately Rs. 49.93 Crore. This preferential issue is pending approval from the company's members at an Extra Ordinary General Meeting planned for February 19, 2025. After this issuance, the total paid-up share capital will increase to 1,56,75,838 shares. This move positions the company for potential growth and enhanced shareholder value.