Vakrangee Limited — Board Meeting, 21-12-2024: Outcome of Board Meeting

The Board of Directors of Vakrangee Limited has approved the preferential allotment of up to 35 crore Convertible Warrants to non-promoters to raise approximately ₹980 crores in additional capital. This is subject to necessary approvals from shareholders at the forthcoming Extraordinary General Meeting (EGM) scheduled for January 15, 2025. Additionally, the board has withdrawn a previous application for a separate allotment of 20 crore warrants. Mr. Mehul Raval has been appointed as the scrutinizer for the EGM voting process, with a cutoff date for eligibility set for January 8, 2025.