Womancart Limited — Others, 06-01-2025: Shareholders meeting

Womancart Limited has announced a board meeting on January 29, 2025, to address a preferential issue of equity shares and convertible warrants. The proposed allocation includes up to 7,79,600 equity shares at ₹312 each, raising approximately ₹29.45 crore for working capital, warehouse development, and marketing. Additionally, up to 1,64,400 warrants will be issued, convertible into equity shares within 18 months. This move aims to strengthen the company's capital structure, potentially enhancing investor sentiment by supporting growth initiatives. However, completion of the issuance is contingent on market conditions and regulatory approvals.