Shree Karni Fabcom Limited — Others, 21-01-2025: Shareholders meeting

Shree Karni Fabcom Limited has announced a board meeting on February 12, 2025, to deliberate on an Extra-Ordinary General Meeting (EGM) that will address two key proposals: issuing up to 4,97,250 equity shares at Rs. 765 each, raising approximately ₹38.04 crore (cr), and granting 3,15,000 warrants convertible into equity shares at the same price, targeting approximately ₹24.10 cr. The move is aimed at bolstering working capital and funding ongoing projects, enhancing the company’s financial flexibility. Investors may view this as a sign of proactive capital management, creating both potential upside and increased dilution risk in shareholder value.