Ramdevbaba Solvent Limited — Board Meeting, 20-12-2024: Outcome of Board Meeting

The Board has approved the issuance of 7,36,000 equity shares at an offer price of ₹139 per share, raising approximately ₹10.23 crore, to non-promoters through preferential allotment, subject to shareholder approval. Additionally, they authorized issuing 11,37,600 convertible warrants to promoters, amounting to around ₹15.81 crore, also pending shareholder consent. An Extraordinary General Meeting (EOGM) is scheduled for 16th January 2025 to discuss these matters, with book closure set from 10th to 16th January 2025 to determine eligibility for voting.