AVRO INDIA LIMITED — Board Meeting, 27-12-2024: Outcome of Board Meeting

The Board of Directors has approved the issuance of 25,75,320 equity shares at an issue price of Rs. 185.50 per share, aggregating Rs. 47.77 crore, on a preferential basis to non-promoters. Additionally, 3,23,450 warrants will be issued to the promoter group at the same price, each convertible into one equity share. An Extraordinary General Meeting (EGM) is scheduled for January 19, 2025, to discuss these matters further. This move signals strategic financing and could enhance the company's capital structure, benefiting shareholders in the long run.