Cyber Media (India) Limited — Important, 21-01-2025: General Updates

The Board of Directors has approved an increase in the authorized share capital, raising it from ₹15.7 crore to ₹23 crore, facilitating the creation of an additional 7.3 million equity shares of ₹10 each. This amendment will be subject to shareholder approval. In tandem, the company plans to raise up to ₹10 crore through a rights issue, which will allow existing shareholders to subscribe to the newly created shares, with specifics regarding the record date to be announced later. These developments signal a strategic effort to enhance funding opportunities, potentially positioning the company for growth. Investors should keep a close watch on the upcoming changes and vote on the proposals, as this could impact share liquidity and company's expansion plans.