Australian Premium Solar (India) Limited — Others, 16-12-2024: Shareholders meeting

Australian Premium Solar (India) Limited has announced a board meeting on January 9, 2025, to discuss critical business matters. One notable agenda item is a proposed increase in the authorized share capital from ₹20 crore to ₹22 crore, which aims to facilitate a preferential allotment of equity shares and fully convertible warrants totaling up to ₹25.20 crore. The issuance includes 3,83,500 equity shares at ₹527 each and 94,750 warrants at the same price. This capital infusion is targeted at bolstering working capital and funding capital expenditures. Investor sentiment may lean positively, given the company's proactive steps in financing its growth.