Deep Industries Limited — Board Meeting, 28-12-2024: Outcome of Board Meeting

The Board of Directors has approved an increase in the Authorized Share Capital from ₹32.07 Cr to ₹35.25 Cr, allowing for greater flexibility in equity issuance. Additionally, the company plans to raise funds through Qualified Institutional Placement (QIP) by issuing equity shares with a face value of ₹5, for an amount not exceeding ₹350 Cr. These resolutions are subject to necessary regulatory approvals and shareholder consent. The meeting concluded with significant strategic implications for future capital generation and growth potential.