Suyog Telematics Limited — Board Meeting, 22-12-2024: Outcome of Board Meeting

The Board of Directors of Suyog Telematics Limited has approved the issuance of securities via a preferential issue. This includes up to 533,333 fully convertible equity warrants and up to 910,665 equity shares, each priced at ₹1,875 (including a premium of ₹1,865). An Extraordinary General Meeting will be held to seek shareholder approval for these issuances. Additionally, Credit Rating Information Services of India Limited (CRISIL) has been appointed as the Monitoring Agency for this issue, indicating strategic steps towards enhancing the company's capital structure.