Shree Tirupati Balajee FIBC Limited — Board Meeting, 27-12-2024: Outcome of Board Meeting

The Board has approved a fund-raising initiative through the issuance of equity shares, allowing a total raise of up to Rs. 49 Cr on a rights basis. A 'Rights Issue Committee' will be established to manage this process and decide on key terms. Additionally, the authorized capital will increase from Rs. 11 Cr to Rs. 44 Cr to accommodate the new shares. The Board also approved up to Rs. 600 Cr in borrowing limits and gave the green light for loans and investments in line with the upcoming Extra-Ordinary General Meeting scheduled for January 30, 2025.