Z-Tech (India) Limited — Others, 03-01-2025: Shareholders meeting

Z-Tech (India) Limited has announced a board meeting on January 25, 2025, to address crucial topics such as increasing the authorized share capital from ₹14 crore to ₹17 crore and issuing 20 lakh equity shares at ₹500 each, aiming to raise ₹100 crore from non-promoters. The board also seeks approval for issuing 20 lakh convertible warrants at the same price to promoters and select non-promoters, with the aim of enhancing financial backing for strategic initiatives, capital expenditures, and working capital needs. This strategic move may bolster investor confidence and capitalize on potential growth opportunities, although it could impact shareholder dilution.