Z-Tech (India) Limited — Others, 17-01-2025: Corrigendum

Z-Tech (India) Limited has announced a board meeting on January 25, 2025, to seek shareholder approval for issuing up to 20,00,000 equity shares and warrants convertible into equity shares on a preferential basis. The Board has made modifications regarding the Special Resolution due to document reviews and disqualifications among proposed allottees. The funds raised, totaling ₹100 crore, will be allocated toward corporate purposes, capital expenditures for theme parks, and potential acquisitions in landscaping and water treatment. Investors may view this as a positive outlook given the strategic use of funds and enhanced investor confidence.