Deep Industries Limited — QIP/Rights/Pref., 28-12-2024: Qualified Institutional Placement

The Board has approved an increase in the Authorized Share Capital from ₹32.07 Crores to ₹35.25 Crores, enabling the issuance of up to ₹350 Crores through a Qualified Institutional Placement (QIP) of equity shares with a face value of ₹5 each. This issuance may occur in one or more tranches and requires regulatory and shareholder approvals. The adjustment to the Memorandum of Association reflects these changes, facilitating future equity funding to support the company's growth initiatives.