NACL Industries Limited — Others, 18-12-2024: Shareholders meeting

NACL Industries Limited has announced a board meeting on January 9, 2025, regarding an Extraordinary General Meeting (EGM) to address two key items. First, the company plans to issue 68,96,550 convertible warrants to promoter Mrs. K. Lakshmi Raju at an issue price of ₹58 per underlying share, amounting to a total issue size of ₹39.99 crore. Second, 17,24,137 equity shares will be issued to Equity Intelligence India Private Limited at the same price, aggregating to ₹9.99 crore. These moves aim to bolster working capital and support business growth. This development could offer a positive outlook for shareholders as it signals financial expansion efforts.