Avonmore Capital & Management Services Limited — Important, 13-01-2025: Updates

The Committee of Further Issue of Shares of Avonmore Capital & Management Services Ltd. has convened and approved the allotment of 4,86,52,541 equity shares priced at ₹10 each, inclusive of a ₹9 premium, through its previously announced rights issue valued at up to ₹50 crore. This allotment will increase the company's paid-up equity share capital from ₹23.35 crore to ₹28.21 crore. The shares allocated do not include those subject to legal proceedings and are thus held in abeyance. This strategic move positions the company for growth by enhancing its capital structure, which could have positive implications for shareholder value.