Committed Cargo Care Limited — Board Meeting, 24-12-2024: Outcome of Board Meeting

The Board of Directors has approved several significant measures. They will increase the authorized share capital from ₹11 Cr to ₹20 Cr by altering the Memorandum of Association, pending shareholder approval. The Board also proposed raising up to ₹44.55 Cr through the issuance of 55,00,000 fully convertible warrants on a preferential basis to the promoter and public categories. Additionally, a Fund-Raising Committee was constituted to facilitate this process. An Extraordinary General Meeting (EGM) will be convened on January 17, 2025, to seek shareholder approval for these decisions.