Ramdevbaba Solvent Limited — Others, 20-12-2024: Book Closure

Ramdevbaba Solvent Limited has announced a board meeting outcome, approving the issuance of 7,36,000 equity shares at an offer price of ₹139 each to non-promoters, and 11,37,600 convertible warrants to promoters at the same price. These fund-raising measures are subject to shareholder and stock exchange approvals. An Extra-Ordinary General Meeting (EOGM) is scheduled for January 16, 2025, to discuss these matters. This move aims to bolster liquidity and financial flexibility, potentially enhancing investor sentiment, reflecting a positive outlook for future growth and expansion strategies.