NACL Industries Limited — Others, 04-01-2025: Shareholders meeting

NACL Industries Limited has announced a board meeting to discuss a corrigendum to the Notice of the Extra-Ordinary General Meeting (EGM) scheduled for January 9, 2025. The corrigendum outlines changes regarding the proposed allotment of shares, substituting M/s. Equity Intelligence India Private Limited with M/s. EQ India Fund as the new investor for a preferential issuance of 17,24,137 equity shares at an issue price of ₹58 per share. This change is aimed at raising funds for working capital and future growth. The updates could enhance investor confidence, suggesting a proactive approach to financing amidst ongoing strategic developments.